Uber to cut 3,300 jobs in overhaul, Bloomberg News reports

Uber plans to cut 3,300 jobs, about 10% of its global workforce, as part of a management overhaul aimed at reducing the number of managers. The restructuring signals cost pressure and a shift in operating priorities. This type of headcount reduction is likely to weigh on near-term sentiment, though it may be supportive if it improves cost efficiency over time.