Uber is eliminating about 3,300 jobs, or roughly 10% of its approximately 34,000-employee global workforce, in its largest reduction since the pandemic. CEO Dara Khosrowshahi said at the Goldman Sachs Communacopia + Technology Conference on September 10 that savings from the restructuring would be directed toward lower fares, expanded service options and continued growth initiatives. The cuts, announced September 2, are intended to remove management layers, consolidate inefficient micro-teams and speed decision-making rather than address financial distress. Uber reported second-quarter 2026 revenue of $14.19 billion, up 12% year over year, and adjusted earnings per share of $0.81, up 28.5%. The company generated approximately $52 billion in revenue in full-year 2025. The restructuring comes as Alphabet’s Waymo expands autonomous taxi operations and Uber commits more than $10 billion to partnerships involving autonomous vehicles and robotaxis. Uber is also limiting fully remote roles to about 1% of staff and exiting Nigeria and Uganda. Khosrowshahi has said lower commercial insurance costs and a barbell strategy could further support cheaper products such as Wait & Save. Uber shares rose after the layoffs, although the stock remains down about 12.5% year to date, according to the existing report.