In a bold move, Uber is set to cut its workforce by roughly ten percent, affecting around 3,300 staff members. This decision is part of a larger strategy to streamline management and improve team functionality across the globe. The cost savings will be funneled into crucial areas such as ride-sharing innovations and the development of autonomous vehicles.

Chief Executive Officer Dara Khosrowshahi announced the changes in an email obtained by Bloomberg News, saying that Uber’s growth in recent years has created “more layers, more…

Uber will eliminate 3,300 roles, cut managers by 20% and sharply reduce remote work as CEO Dara Khosrowshahi streamlines the company.