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.
Read more: Waymo wins approval for drastic expansion in Los Angeles, Bay Area regions
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.
#dara #wednesday
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.
Read more: Waymo wins approval for drastic expansion in Los Angeles, Bay Area regions
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.
#dara #wednesday
7 days ago
