Uber (UBER) shares traded at $76.56, up 1.75%, as the company prepares to cut 10% of its workforce. The stock has rebounded from $75.50, while $77.00 remains the nearby resistance level. The workforce reduction is part of a broader effort by Uber to simplify its structure.

Uber Technologies, Inc. (UBER) employed about 36,600 people globally as of June 30, according to its public filing. A 10% reduction would therefore affect roughly 3,660 positions if applied across the entire workforce, though the company has not said that every job category will face equal reductions.

Uber has not linked the workforce cuts to artificial intelligence, despite growing debate about technology and employment. Instead, the company plans changes across management, team structures, locations, and workplace arrangements. The restructuring targets how Uber organizes its employees and allocates resources, a signal of how large technology firms are trying to control complexity as they scale.

Uber Targets Management Layers

Uber plans to reduce middle management and eliminate small teams with limited reporting structures. Some managers currently oversee only one or two employees, creating additional management layers within the organization. The company is targeting structures that add coordination without supporting larger teams.

Uber has also reduced the number of employees positioned at least seven layers below its chief executive. That group has declined by 20% as the company moves toward a flatter organizational structure. The changes are also intended to give teams clearer responsibilities and reduce internal coordination.

The restructuring additionally changes Uber's workplace policy for most employees. Under the new arrangement, only about 1% of employees will work remotely, according to the company, meaning most employees will return to company offices as Uber changes how teams operate.

Uber Seeks Leaner Operations and More Investment

Uber says the restructuring will simplify operations and speed up internal decisions. The company also expects the changes to create savings that it can direct toward growth and new products, and it plans to focus employees and spending on areas it considers important for future expansion.

The company said the workforce reduction does not reflect weaker business performance. Uber continues to add products while operating at a larger scale than in previous years, having significantly expanded its workforce in recent years.

The latest changes address organizational structures that Uber says no longer fit its current size. The company will remove layers, adjust its global location strategy, and simplify team structures. That makes the cutback part of a broader operating reset rather than a single-line expense change. Meanwhile, UBER shares remain above $76.00, leaving $77.00 as the next key price level on the chart.