SGUber Technologies announced plans to cut approximately 3,300 jobs, representing 10% of its workforce, marking its largest layoffs since the COVID-19 pandemic. The move aims to streamline management structures and improve decision-making efficiency amid increasing competition from robotaxi services. CEO Dara Khosrowshahi emphasized that the restructuring would allow the company to focus on growth, innovation, and adapting to the rise of autonomous vehicles. Unlike some other tech firms, Uber did not attribute the cuts directly to artificial intelligence, though the broader tech sector has seen significant layoffs linked to AI advancements. Uber faces challenges from competitors like Waymo and Tesla in the robotaxi space and has committed over $10 billion to invest in autonomous driving technologies.
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