Investment
Features
FeesSafety
Academy
More
Pluang+

Uber to cut 3,300 jobs amid rising robotaxi competition and organizational streamlining.

Market News
02 Sep 2026
New York Post
View Source
Bearish
Uber to cut 3,300 jobs amid rising robotaxi competition and organizational streamlining.

Uber announced plans to lay off about 3,300 employees, or 10% of its workforce, marking its largest job cuts since the COVID-19 pandemic. The layoffs aim to simplify management layers and improve decision-making as Uber faces growing competition from robotaxi operators like Waymo and Tesla. CEO Dara Khosrowshahi emphasized that the restructuring will help Uber reinvest savings into growth and innovation, particularly in autonomous vehicle technology, with over $10 billion planned for robotaxi development. The company also plans to reduce remote work roles and consolidate teams to enhance operational efficiency.

More News (UBER)

Uber co-founder Travis Kalanick plans to re-enter ride-hailing with Atoms' robotaxi tech backed by $1.7B funding.

Uber co-founder Travis Kalanick plans to re-enter ride-hailing with Atoms' robotaxi tech backed by $1.7B funding.

Travis Kalanick, Uber's co-founder, is preparing to return to the ride-hailing industry through his new startup, Atoms, which focuses on robotaxi technology. Atoms recently secured $1.7 billion in funding and is recruiting autonomous vehicle engineer...

Market News
Neutral
18 hours ago
Walmart expands delivery to Dunkin' products, challenging Uber Eats and DoorDash with fast, combined orders.

Walmart expands delivery to Dunkin' products, challenging Uber Eats and DoorDash with fast, combined orders.

Walmart is launching delivery of Dunkin' products from its stores and plans to expand to most Dunkin' locations nationwide, competing directly with food delivery services like Uber Eats and DoorDash. This move builds on Walmart's existing Subway deli...

Market News
Bullish
2 days ago
7M job openings hit record high but hiring freezes for workers under 26 amid AI shifts.

7M job openings hit record high but hiring freezes for workers under 26 amid AI shifts.

Job openings in the U.S. reached 7.27 million in July 2026, the highest since May, yet payrolls declined by about 23,000 jobs, mainly due to a hiring freeze for workers aged 22 to 25. AI adoption is reshaping the labor market by reducing entry-level ...

Market News
Bearish
3 days ago
Zoox expands commercial robotaxi service to Las Vegas airport, gaining edge over Uber and Lyft.

Zoox expands commercial robotaxi service to Las Vegas airport, gaining edge over Uber and Lyft.

Zoox, an Amazon-owned autonomous vehicle company, has extended its commercial robotaxi service in Las Vegas to include rides to and from Harry Reid International Airport. This expansion follows a recent federal exemption allowing Zoox to operate and ...

Market News
Bullish
4 days ago
Delivery Hero board approves Uber's $15B takeover bid, urging shareholder support.

Delivery Hero board approves Uber's $15B takeover bid, urging shareholder support.

Delivery Hero's board has approved Uber's $15 billion takeover offer, recommending shareholders accept the deal. The acquisition would create one of the world's largest on-demand food delivery platforms and expand Uber's global reach significantly. T...

Company Fundamentals
Bullish
4 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App