Marthio Marthio
BusinessMarkets

Uber to cut 3,300 jobs in largest layoffs since pandemic

Uber announced a global reduction of roughly 10% of its workforce to save $3.3 billion, citing the need for a leaner organization to compete with rivals like Waymo and Tesla in autonomous ride-hailing.

Uber is cutting approximately 10 percent of its global employee base, targeting about 3,300 roles primarily within management layers. Chief executive Dara Khosrowshahi told staff that this restructuring aims to create savings for reinvestment in growth, innovation, and core businesses such as autonomous rides. The company also plans to expand investment in drivers, couriers, and merchants. Uber's total workforce stood at roughly 34,000 employees by the end of 2025 according to its latest annual report. Analyst Danni Hewson from AJ Bell noted the plan represents a significant shift toward funneling cash into robotaxis technology. She highlighted that Uber is racing against Alphabet-owned Waymo and Tesla in the self-driving sector while facing stiff competition in food delivery. Specific details regarding the number of positions affected in Europe remain unconfirmed as Uber declined to provide regional breakdowns or list impacted offices.

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