Uber Cuts 3,300 Jobs to Strip Out Management Layers
Yahoo Finance ·
Uber Cuts 3,300 Jobs to Strip Out Management Layers Renato Neves, CFA Wed, September 2, 2026 at 10:55 AM EDT 1 min read UBER This article first appeared on GuruFocus . Uber Technologies ( NYSE:UBER ) rose 1.94% premarket after saying it will cut about 3,300 jobs, roughly 10% of a workforce that stood near 34,000 at the end of last year. The restructuring is aimed at removing management layers, consolidating teams and reducing costs. It is Uber's largest reduction since May 2020, when the company cut about 6,700 roles as the pandemic collapsed ride-hailing demand. Uber reduced the number of employees sitting seven or more reporting layers below chief executive Dara Khosrowshahi by 20%. It also cut micro-teams, those with only one or two direct reports, by nearly half. Khosrowshahi said the complexity had slowed decision-making and created roles focused on coordination rather than output. He did not attribute the cuts to AI, unlike several other tech executives. Uber will concentrate global teams in New York and San Francisco, require most remote workers to relocate, and limit fully remote roles to about 1% of staff, keeping its three-day office policy. The move follows a year in which Uber shares fell nearly 8%, underperforming the S&P 500 as investors weighed the threat autonomous operators like Waymo pose to its North American share.
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