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 g

The cuts represent 10% of Uber's global workforce and will reduce the number of managers by 20%

The company, which makes hernia-repair products, is hoping to cut annual operating expenses by about $17 million.