Uber lays off 3,300 employees in largest cuts since the pandemic

Uber Technologies has laid off 3,300 employees, or 10 percent of its workforce, marking the largest cuts since the onset of the COVID-19 pandemic. CEO Dara Khosrowshahi stated that the layoffs are part of broader efforts to reduce management layers and simplify team structures. Additionally, Uber plans to invest $10 billion into its robotaxi unit, despite growing tensions with other companies in the space.