Business · India Bureau
Uber axes 3,300 jobs in cost-cutting drive, flattens management structure
The ride-hailing giant will eliminate 10 per cent of its workforce globally, with a significant reduction in management layers aimed at streamlining operations. Some managers will transition to individual contributor roles as the company seeks greater efficiency.
LSN India ·
Uber Technologies has announced plans to cut 3,300 jobs, representing approximately 10 per cent of its global workforce, as part of a broader restructuring effort to reduce bureaucratic layers within the organisation.
The cuts will include a substantial reduction in the company's management cadre, with the number of managers set to decline by 20 per cent, according to an Uber spokesperson. The restructuring will see some managers transitioning to individual contributor positions rather than being laid off entirely, reflecting the company's approach to flattening its organisational hierarchy.
The move comes as ride-hailing and delivery companies face sustained pressure to demonstrate profitability amid challenging market conditions. By streamlining management structures, Uber aims to accelerate decision-making processes and reduce overhead costs while maintaining operational effectiveness across its global operations.
The job cuts will affect employees across the company's various divisions, including ride-sharing, food delivery, and freight services. The company has indicated that the restructuring is intended to enable faster innovation and more efficient resource allocation going forward.
The announcement marks a significant workforce adjustment for the San Francisco-based company, which has rapidly expanded its headcount over recent years. The restructuring effort reflects broader industry trends as technology companies reassess their cost structures and operational requirements.