Uber's Workforce Reduction Seen Supporting Growth Investments, Wedbush Says

12:47 PM EDT, 09/02/2026 (MT Newswires) -- Uber Technologies' (UBER) 10% workforce reduction is expected to generate about $1.75 billion in total run-rate cost savings, with most or all of the savings likely to be reinvested in growth initiatives, Wedbush said in a note Wednesday. The brokerage said the move appears to come from a position of strength rather than weakness, with Uber seeking a leaner organization, fewer management layers and faster investment in growth. It expects the move to support growth while maintaining the company's margin expansion trajectory. Wedbush said the reductions are primarily focused on coordination roles, with employees more than seven layers from the CEO reduced by 20% and micro teams by about 50%. The brokerage also noted Uber has combined its three delivery operations teams into consolidated global, regional and country teams. Wedbush has an outperform rating and a $91 price target on the company's stock. Shares of Uber were up 2.5% in Wednesday afternoon trading. Price: 77.09, Change: +1.85, Percent Change: +2.46