$UBER to Cut 3,300 Jobs in Global Restructuring to Target Core Rides, Delivery, and Robotaxis

Uber ($UBER) is cutting approximately 3,300 jobs, or 10% of its global workforce, as part of a major corporate restructuring to eliminate management layers and refocus spending on rides, delivery, and robotaxis.
Management positions are expected to decline by about 20%. CEO Dara Khosrowshahi stated that the company's rapid growth previously created excessive corporate layers, fragmented ownership, and outdated organizational structures.