Uber has cut about 3,300 jobs, nearly 10% of its global workforce, and CEO Dara Khosrowshahi says riders could see lower Uber ride prices as a result. At the Goldman Sachs conference, he said savings from the layoffs and falling insurance costs will fund cheaper fares, better selection and growth, even as Waymo robotaxis tighten US competition. The reorganisation also strips out management layers and nearly all remote roles. Uber has cut about 3,300 jobs, nearly 10% of its global workforce, and CEO Dara Khosrowshahi says riders could see lower Uber ride prices as a result. At the Goldman Sachs conference, he said savings from the layoffs and falling insurance costs will fund cheaper fares, better selection and growth, even as Waymo robotaxis tighten US competition. The reorganisation also strips out management layers and nearly all remote roles.
Trending
- Rapido fined Rs 10 lakh for misleading tipping prompts, dark patterns
- Russia oil squeeze, China competition, Saudi pipeline shut: India’s crude crunch
- ‘Don’t turn outer space into warzone’: China slams US deployment of weapons in space
- ‘Why no one understands his position’: Ashwin on Sanju Samson’s future
- Russia backs Trump’s energy truce plan with Ukraine, seeks sanctions relief
- ‘No reason to make haste’: JD(U) takes cautious stand on UCC, says it will decide after studying Bill
- The engineers India trains, the infrastructure it still can’t build
- China built a 120-metre tower above a waste plant processing 8,000 tonnes daily