#Uber 10% Cuts Robotaxi Bet

About Uber 10% Cuts Robotaxi Bet

Uber's CEO told staff it will cut about 10% of its global team, trim management layers and merge small groups. Reports put affected roles near 3,300 and management headcount down about 20%. Uber aims for a simpler, faster organization, reinvesting savings in growth, core operations, innovation and an "autonomous future." As Robotaxi partnerships expand, can Uber remain the key ride-hailing gateway? If rollout lags, margin gains may not support a lasting valuation reset.