Uber (UBER.N) will cut about 3,300 jobs, roughly 10% of its global workforce,
and undertake a large-scale reorganization to reduce management layers and
redirect capital into ride-hailing, delivery and autonomous taxi operations. CEO
Dara Khosrowshahi said Uber's recent growth produced "more management layers,
more coordination and more fragmented responsibilities," creating structures
that worked at smaller scale but are no longer appropriate. A company spokesman
said management headcount will fall about 20%, with some managers moved to
individual-contributor roles; Uber did not disclose how many managers will be
laid off. The cuts will also affect non-management employees.