Uber to cut 10% of workforce in bid to move 'simpler and faster'

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., during a news conference in Seoul, South Korea, on Friday, Aug. 30, 2024. SeongJoon Cho | Bloomberg | Getty ImagesUber on Wednesday announced plans to slash 10% of its workforce in a move to consolidate management layers and trim costs."The changes we're making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future," CEO Dara Khosrowshahi wrote in an email to employees. That includes its previous plans to commit more than $10 billion to autonomous vehicles in the coming years.The ride-hailing company's shares rose nearly 2% in morning trading. 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.Uber is the latest company to flatten management structures to speed up decision-making and improve efficiency. Tech giants like Google have made similar moves in recent years. Khosrowshahi did not attribute the cuts to artificial intelligence, which has been responsible for a recent wave of tech layoffs.The changes include cutting small teams consisting of one to two report...