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Uber to cut 10% of workforce in bid to move 'simpler and faster'
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Uber on Wednesday announced plans to slash 10% of its workforce in a move to consolidate management layers and trim costs.
Key facts
- Uber on Wednesday announced plans to slash 10% of its workforce in a move to consolidate management layers and trim costs
- Uber is also combining more teams and concentrating more employees in hubs like New York and San Francisco
- The changes include cutting small teams consisting of one to two reports by nearly half and trimming employees seven steps away from the CEO by 20%
- 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
Summary
"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. Uber is the latest company to flatten management structures to speed up decision-making and improve efficiency. 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 reports by nearly half and trimming employees seven steps away from the CEO by 20%.