Uber to cut about 3,300 jobs, removing management layers
Uber said it will cut about 3,300 jobs, roughly 10% of a workforce near 34,000 at the end of last year, targeting removal of management layers, team consolidation and cost reduction. UBER rose 1.94% premarket.
Uber Technologies NYSE:UBER rose 1.94% premarket after saying it will cut about 3,300 jobs, roughly 10% of a workforce that stood near 34,000 at the end of last year.
The restructuring is aimed at removing management layers, consolidating teams and reducing costs.
It is Uber's largest reduction sin…