Uber Layoffs News

Ride-hailing major Uber is laying off 200-250 employees in India as part of a global restructuring that will see around 3,300 jobs eliminated, people familiar with the matter told ET. This is the second such exercise at Uber India in the past six months

Uber shares rose after the company announced major job cuts. Uber Technologies shares rose about 2.4% in Wednesday morning trading after reports that the company plans to cut around 3,300 jobs, or roughly 10% of its global workforce