Uber is eliminating roughly 3,300 positions worldwide, a move that represents about ten percent of its total workforce, according to reports from tagesschau.de and other German media outlets. The job reductions are part of a broader restructuring effort and will impact employees at various levels, including those in leadership positions.
The cuts are not limited to one region, as the company is reducing staff across its global operations. In addition to the layoffs, Uber is also shutting down its business activities in Nigeria and Uganda, as reported by Yahoo Finanzen Deutschland. The news of the restructuring was followed by a modest rise in Uber's share price, which gained about two percent, according to Investing.com Deutsch.
The reports from tagesschau.de and Handelsblatt indicate that the scale of the cuts is substantial, with the company aiming to streamline its operations. While the exact reasons for the restructuring were not detailed in the available reporting, the decision to reduce staff by such a significant margin suggests a strategic shift in how the ride-hailing company plans to manage its costs and focus its resources.
