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article <\/p>\n article <\/p>\n
Uber headquarters in San Francisco, California, US (Michaela Vatcheva\/Bloomberg via Getty Images)<\/strong><\/p>\n SAN FRANCISCO<\/strong> – Uber technologies announced on Wednesday<\/a> that the company would be cutting 10% of its workforce, or roughly 3,300 employees.<\/p>\n CEO Dara Khosrowshahi announced the “significant operational change” in a memo shared on the company\u2019s website.<\/p>\n “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\u2019s statement reads.<\/p>\n Timing <\/p>\n What we know:<\/p>\n The CEO stated the job cuts are the result of the company\u2019s growth in recent years, with the goal of making the company “simpler and faster, and create more capacity to invest in our future.”<\/p>\n “We\u2019ve built new products, expanded into businesses, reached more consumers and supported more earners, and become a much larger and stronger company,” Khosrowshahi said in a statement. “But that growth has also brought complexity: more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale.”<\/p>\n New plan <\/p>\n What’s next:<\/p>\n The company\u2019s new strategy will concentrate global teams into either the San Francisco or New York offices.<\/p>\n “Global teams will be concentrated in our largest global hubs, NY and SF; regional teams in designated regional hubs; local teams in country hubs; and tech teams in tech hubs,” Khosrowshahi wrote.<\/p>\n Khosrowshahi also announced that Uber, going forward, would require the majority of its employees to work in-office at least three days a week.<\/p>\n “We are also asking the vast majority of remote employees to move to an office, and going forward, only ~1% of employees will be remote,” the statement reads. “We\u2019ll also continue to reinforce compliance with our hybrid work policy, which requires three days a week in the office.”<\/p>\n History <\/p>\n The backstory:<\/p>\n Uber was founded in 2009 as UberCab, and made its debut as a publicly traded company in March 2019.<\/p>\n Following the announcement, the company\u2019s stock price, as of Wednesday afternoon, had risen 1.5%.<\/p>\n The Source:<\/b> Information for this story was gathered from an announcement on Uber’s website.<\/p>\n News<\/a>Uber<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"article Uber headquarters in San Francisco, California, US (Michaela Vatcheva\/Bloomberg via Getty Images) SAN FRANCISCO – Uber technologies…\n","protected":false},"author":3,"featured_media":1039836,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[5229,405,403,50,5226,5225,5228,5227,12632,4009,67,586,132,5230,68,2969],"class_list":["post-1039835","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-america","tag-new-york","tag-new-york-city","tag-news","tag-newyork","tag-newyorkcity","tag-ny","tag-nyc","tag-organization","tag-uber","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/117204243477989703","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1039835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=1039835"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1039835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/1039836"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=1039835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=1039835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=1039835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}