Uber will cut about 3,300 jobs and restructure its organizational framework

Uber (UBER.US) will cut approximately 3,300 positions, accounting for 10% of its global workforce, and undergo a large-scale restructuring to reduce management layers while reinvesting funds into ride-hailing, food delivery, and autonomous taxi businesses. CEO Dara Khosrowshahi stated that Uber’s growth in recent years has led to “an increase in management layers, greater coordination efforts, more dispersed responsibilities, and, in some cases, organizational structures that worked when the company was smaller but are no longer suitable at its current scale.” An Uber spokesperson said this round of layoffs will reduce the number of managerial staff by 20%, with some managers transitioning to individual contributor roles. However, the company did not disclose how many managers will be let go. The layoffs will also affect non-managerial employees.