Uber cuts 10% of workforce in reorganization, ~3,300 jobs

Uber announced layoffs of approximately 3,300 employees (10% of workforce) as part of a sweeping reorganization under CEO Dara Khosrowshahi, aiming for a leaner organization. The move signals cost discipline amid uncertain growth outlook, potentially impacting sentiment on gig-economy and tech employment. Market reaction will depend on perceived efficiency gains versus demand weakness.