Wall Street Lunch: Uber To Eliminate Up To 3,300 Jobs

Uber plans to cut up to 10% of its workforce, streamline management, and reduce remote roles to improve core business efficiency, a cost-focused move that signals pressure to manage overhead. In separate coverage, Jefferies is flagging margin concerns at Credo Technology post-earnings but still expects its growth trajectory to accelerate next year, keeping the outlook constructive despite near-term profitability worries.