Uber cuts 10% of jobs today, stock up
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Uber is cutting small teams by nearly half and allowing about 1% of its workforce to continue working remotely.
Uber lays off 3,300 employees in its third 2026 restructuring, cutting management layers and reinforcing its in-office policy.
As part of the overhaul, Uber is reducing the number of employees who sit seven or more layers below the CEO by about 20%. It is also cutting the number of “micro-teams,” teams with just one or two direct reports, by nearly 50%.
At $76.45, Uber Technologies (NYSE:UBER | UBER Price Prediction) looks compelling at current levels. The rideshare and delivery platform is down 6.44% year to date in 2026 and just announced its largest workforce reduction since the pandemic,
Uber confirmed it plans on laying off roughly 10 percent of its workforce worldwide, translating into about 3,300 employees total. The move will also limit fully remote positions to just one percent of the company’s employees. All impacted workers have already been notified of the news.
Our top story so far, Uber Technologies, Inc. ( UBER ), is cutting its workforce by as much as 10%, or up to 3,300 jobs, streamlining its management structure, and dramatically reducing the number of employees working remotely in a push to focus its resources on its core businesses.