Uber announced plans to cut 10% of its workforce, consolidating management layers to speed up decision-making. CEO Dara Khosrowshahi said the move frees up capacity to invest in growth, including the company's autonomous vehicle push, while shares rose nearly 2% in morning trading.
Uber said on Wednesday it will slash 10% of its workforce, consolidating management layers to trim costs. The ride-hailing company's shares rose nearly 2% in morning trading after the announcement.
According to CNBC, CEO Dara Khosrowshahi wrote in an email to employees: "make Uber simpler and faster, and create more capacity to invest in our future". That future includes Uber's previous plans to commit more than $10 billion to autonomous vehicles in the coming years.
Uber declined to comment on the number of jobs cut. The company had around 34,000 employees at the end of 2025, according to an annual filing.
Khosrowshahi did not attribute the cuts to artificial intelligence, which has been responsible for a recent wave of tech layoffs. Uber joins other companies flattening management structures to speed up decisions, following similar moves at Google.
The restructuring cuts small teams of one to two reports by nearly half and trims employees seven steps away from the CEO by 20%. Khosrowshahi said Uber has outgrown many of these structures at its current size.
Uber is also combining more teams and concentrating employees in hubs like New York and San Francisco. The company will allow about 1% to continue working remotely, Khosrowshahi said.
Source: CNBC
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