Uber is cutting 10% of it's global workforce

Uber Technologies is cutting about 10% of its global workforce, or 3,300 positions, as part of a broader restructuring effort.

In an email on Wednesday, CEO Dara Khosrowshahi framed the decision to cut 3,300 positions as one piece of a broader strategy to consolidate fragmented teams and concentrate workers in a small number of "key hubs." Dara said this move will make Uber simpler and faster and create more capacity to invest in our future.

What's really interesting is that the cuts appear to be targeting managerial roles, including a 20% reduction in the number of "deep middle to lower management and staff roles". So, they're flattening the corporate hierarchy - I don't think that's something many people will take issue with.

The effort also includes a return-to-office mandate Uber has been pushing for this year. According to the letter, "moving forward, fewer than 1% of employees will work remotely".

Here's the full letter for anyone interested: https://www.uber.com/us/en/newsroom/simplerfasteruber/