Uber will cut about 3,300 jobs, roughly 10% of its workers. Boss Dara Khosrowshahi says the firm must be simpler and faster. The cuts hit corporate roles, not drivers. Layers of management are being removed and teams merged. Uber also wants more staff back in the office. Workers in each country were told, and some have local legal steps to follow.
Uber grew huge fast, buying apps and adding teams around the world. That growth brought layers of management and slow decisions. Tech firms across the world are trimming staff after years of expansion. Many see flat share prices and squeeze costs. Uber's business is profitable now, unlike its early years. But investors want big returns, so bosses cut 'complexity' to look lean. Drivers usually feel little from corporate cuts, but pay rules and app changes still touch them.
Job cuts at a giant like Uber signal slower tech hiring. They decide pay and perks for thousands of workers. They also hint at the cost pressures every company now faces.

Uber will cut about 3,300 jobs, roughly 10% of its workers. Boss Dara Khosrowshahi says the firm must be simpler and faster. The cuts hit corporate roles, not drivers. Layers of management are being removed and teams merged. Uber also wants more staff back in the office. Workers in each country were told, and some have local legal steps to follow.

Uber grew huge fast, buying apps and adding teams around the world. That growth brought layers of management and slow decisions. Tech firms across the world are trimming staff after years of expansion. Many see flat share prices and squeeze costs. Uber's business is profitable now, unlike its early years. But investors want big returns, so bosses cut 'complexity' to look lean. Drivers usually feel little from corporate cuts, but pay rules and app changes still touch them.

Job cuts at a giant like Uber signal slower tech hiring. They decide pay and perks for thousands of workers. They also hint at the cost pressures every company now faces.

πŸ“° Source: News Source
theguardian.com β†—
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