Uber to cut 3,300 jobs in company overhaul to reduce management layers

Uber Technologies Inc. is cutting about 3,300 roles, or 10 per cent of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. The cuts will reduce the number of managers in the company by 20 per cent, with some being moved to the role of an individual contributor, an Uber spokesperson said. The company didn’t disclose what percentage of managers would be laid off, however. The cuts also apply to people who aren’t managers. And as part of an ongoing push to ask more staff to work in-person at key office locations, Uber is also mandating that only about 1 per cent of employees can be remote going forward. Do you think that a formal employment has no security in modern day society ?