UBER has revealed plans to cut its global workforce by about 10% as part of a major restructuring.
The ride-hailing app has said this will result in around 3,300 corporate job losses.
It’s not clear how many roles will be impacted in each location that it has offices, including its UK headquarters in London.
The company’s boss, Dara Khosrowshahi, told staff the changes would create a “simpler and faster” business by cutting layers of management and merging teams.
He announced to plans in a message to employees today.
The staff affected have been notified but some countries will have their own local process to follow, according to the firm.
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Mr Khosrowshahi said in his message that Uber had been growing in the past five years and the business was performing well.
“But that growth has also brought complexity: more layers, more co-ordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale,” he said.
“The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future.”
Uber has its global head office in San Francisco.
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The company is facing intensifying competition from robotaxi groups, as well as struggles with its food delivery business in the US.
The group’s shares have fallen 7% this year.