Uber CEO Says Laying Off 3,300 Workers Will Help Lower Prices for Customers

Uber CEO says laying off 3,300 workers will help lower prices for customers

Uber said last week that it was laying off 10% of its corporate staff, or around 3,300 positions, as the ride-hailing giant looks to reduce management layers. The move marks its biggest cuts since Covid.Read Entire Article

Uber Layoffs Impact: CEO Dara Khosrowshahi Says Savings Will Lower Ride Prices and Fund Growth | 📲 LatestLY

Following recent corporate layoffs affecting 10 per cent of its staff, Uber plans to reinvest savings and reduced insurance costs into lowering fares, improving service selection, and driving growth, according to CEO Dara Khosrowshahi. “Some companies wait,” Khosrowshahi said. “We don't believe in waiting," he added while defending the timing of the job cuts. 📲 Uber Layoffs Impact: CEO Dara Khosrowshahi Says Savings Will Lower Ride Prices and F…

Uber's CEO says you could see lower ride prices as a result of its layoffs

Uber CEO Dara Khosrowshahi plans lower ride prices as savings from layoffs and reduced insurance costs are reinvested back into the business.