Uber lays off 10% of its workforce in biggest cut since 2020

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Set us as preferred Uber is laying off about 3,300 employees, or about 10% of its workforce.It is the deepest cut the ride-hailing giant that revolutionized on-demand taxis has made since the COVID-19 pandemic.

Chief Executive Dara Khosrowshahi announced the layoffs in a letter to employees Wednesday.The cut comes as Uber faces increasing competition from the growing robotaxi industry and other delivery services such as Instacart and DoorDash.

Business Waymo announced today it received approval from California regulators to expand its service area across 18 counties, including the cities of San Diego and Sacramento.Waymo, the Alphabet-owned autonomous taxi company, is expanding rapidly and operates in 14 cities including Los Angeles, San Diego and San Francisco.Uber also competes with rival Lyft across the country.

“We are removing layers, simplifying team structures, refining our global location strategy, and focusing our people and investments against the biggest opportunities ahead of us,” Khosrowshahi said in his letter.“This wasn’t a decision we made lightly.”Uber’s efforts to trim and streamline its workforce will lead to faster decision-making and clearer ownership, the company said.

The San Francisco-based company employed roughly 34,000 workers in more than 70 countries as of its most recent annual report filed at the end of last year.Bloomberg first reported that the cut will bring Uber’s headcount to below 30,000.

Business The ride-hailing service Uber announced a new feature Tuesday for teen accounts that will allow parents to view a live video of their child’s ride.Khosrowshahi said Uber spends too much time coordinating between teams and not enough time developing its business.It has reduced roles focused primarily on coordination and cut the number of teams of just one to two employees ...