Uber to cut 3,300 jobs in major restructuring

Uber CEO Dara Khosrowshahi announced Wednesday that the company is cutting about 3,300 jobs, roughly 10% of its global workforce, as part of a major restructuring effort. The cuts will reduce Uber's management ranks by 20%, with some managers being reassigned to individual contributor positions rather than laid off outright. Khosrowshahi said the savings from the reorganization will be reinvested into growth priorities including ride-sharing, delivery services, and robotaxi partnerships, signaling the company's continued bet on autonomous vehicle technology. Investors appeared to welcome the streamlining move, with Uber shares rising about 2% following the announcement. The restructuring marks one of the largest workforce reductions at the ride-hailing giant in recent years as it looks to sharpen efficiency amid a competitive tech and mobility landscape.