Uber Stock Rises After 10% Layoff Plan. Here's What Wall Street Is Saying.

Uber Technologies (UBER) is planning to lay off 10% of its workforce as part of a broader restructuring. Uber stock edged higher Wednesday following the news, though with lower-than-usual trading volume. The job cuts include about 3,300 roles. The cuts will focus on reducing management layers while reallocating spending toward Uber's core business and initiatives like autonomous vehicles, as Chief…

Uber Stock Rises After 10% Layoff Plan. Here's What Wall Street Is Saying.

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Uber is laying off 10% of staff, or 3,300 people | TechCrunch