Uber slashing over 3K jobs as rise of robotaxis dent ride-hailing business

Uber Technologies will lay off about 3,300 employees, or 10% of staff, in its largest cuts since the COVID-19 pandemic, to better navigate the rise of robotaxis encroaching on its ride-hailing business. The cuts will flatten management layers, reducing organizational complexity that was built during a period of rapid growth but is now proving a hurdle to decision-making, CEO Dara Khosrowshahi said in a note to employees on Wednesday. Unlike several tech executives, Khosrowshahi did not blame the cuts on AI even as a push to adopt the technology and the efficiencies it can unlock have driven large cuts in the industry this year, with tracking website layoffs.fyi putting the overall number at over 123,000 across nearly 390 companies. CEO Dara Khosrowshahi did not blame the cuts on AI even as