Uber Cuts 10% Of Staff In Company’s Largest Layoffs Since Pandemic

Uber has implemented its largest staff cuts since the COVID pandemic, reducing its workforce by 10%. Following the announcement on Wednesday, Uber stock prices rose slightly. Alongside these layoffs, the company is significantly restricting remote work, limiting it to only one percent of its employees. These measures represent the most substantial workforce reduction the company has undertaken since the pandemic, signaling a shift in operational strategy and a move toward more centralized office-based work.