Uber is cutting many of its 'micro-teams' and giving some middle managers more reports

Uber said it will lay off some managers and eliminate nearly half of its micro-teams as part of its “Great Flattening” cost-cutting effort. The move implies a reduction in overhead and managerial layers rather than an expansion of operations, signaling ongoing margin pressure. Likely to weigh on sentiment around Uber’s operating expense trajectory, with a limited but meaningful stock impact (1–3% range).