Uber to cut 3,300 jobs in major restructuring

Uber is cutting 10% of its workforce (3,300 roles) and exiting Nigeria and Uganda to focus on robotaxis. The company expects annual savings of $1.5B-$2B, though increased AV spending may offset gains. European layoffs follow mandatory consultation processes.

U.S. stock indices rose on Wednesday, with the S&P 500 up 0.5%, Nasdaq 100 up 0.2%, and Dow Jones up 0.6%. Dell surged 16% after revising its annual revenue guidance up by $25 billion. Oil prices stabilized, influencing market sentiment. Microsoft will now report Azure sales quarterly, Broadcom missed Q4 guidance, and Uber plans to cut 3,300 jobs.

Uber (UBER) announced it will cut 10% of its workforce, or 3,300 employees, to streamline operations. CEO Dara Khosrowshahi stated the move aims to simplify structures and focus investments. The company will concentrate global teams in NY and SF, and require most employees to work in-office at least three days a week. Uber's stock rose 1.5% following the news.

Uber Technologies laid off 3,300 employees (10% of workforce), its largest cuts since the pandemic. CEO Dara Khosrowshahi cited efforts to streamline management and invest in autonomous tech. The company reported 18% revenue growth to $52bn in 2025, but shares are down 8% YTD. Uber plans $10bn investment in robotaxis amid industry competition.

Uber (UBER) is cutting 3,300 jobs, about 10% of its workforce, as part of a management overhaul. The company aims to reduce management layers by 20% and reallocate capital to autonomous-vehicle ambitions. Shares closed at $77.16 on 2 September, up 2.73%. Uber reported Q2 2026 net income of $2.39B, up from $263M in Q1 2026.

Uber Technologies Inc. will cut 3,300 jobs (10% of its global workforce) to reduce management layers and reallocate spending. CEO Dara Khosrowshahi aims to streamline operations, with shares rising 1.7% in premarket trading. The company plans to reinvest savings into growth, innovation, and robotaxi partnerships, reducing remote work to 1%.