Uber Cuts 3,000 Jobs in China and Globally
Aiming to reduce management layers globally and focus spending on core business lines, the company is making cuts equivalent to 10 percent of its workforce.
Ride-hailing and delivery giant Uber has announced that it will lay off more than 3,000 employees worldwide in order to speed up decision-making processes and simplify its operational model.
Global Layoff Decision
Uber announced that it will part ways with over 3,000 employees, which makes up approximately 10 percent of its global workforce.
With this step, the company's total headcount has dropped back to 2021 levels.
Management Layers Decreasing
In line with the decisions made at its headquarters, the goal is to narrow management layers and merge small teams.
Company executive Dara Khosrowshahi stated in an email sent to personnel that the decision will accelerate the decision-making mechanism.
Reflections on the Markets
Following the announcement, investors reacted positively to the restructuring proposals, resulting in an increase of approximately 2 percent in the company's shares.
Analysts predict that these adjustments could provide savings of up to $2 billion on an annual basis.
Office and Working Order
During this global restructuring process, remote working rates are being reduced, and employees are required to work face-to-face in designated centers.
The rate of remote working positions has been pulled down to 1 percent, resulting in a tightening of the office strategy.