NIFTY23,4350.13%
SENSEX74,1140.31%
BANKNIFTY54,3050.22%
NIFTY IT29,2840.34%
PHARMA24,2400.64%
AUTO26,1860.36%
FMCG48,3740.52%
METAL13,5040.23%
REALTY763.900.17%
ENERGY40,4730.69%
NIFTY23,4350.13%
SENSEX74,1140.31%
BANKNIFTY54,3050.22%
NIFTY IT29,2840.34%
PHARMA24,2400.64%
AUTO26,1860.36%
FMCG48,3740.52%
METAL13,5040.23%
REALTY763.900.17%
ENERGY40,4730.69%

Uber Cuts 23% of Jobs in People and Places Division

Uber Technologies has announced plans to cut 23% of jobs in its People and Places division, a move aimed at simplifying the company's team structure. The division, which includes human resources, recruitment, workplace facilities, and culture, will see a reduction in senior roles, representing less than 1% of Uber's global workforce of 34,000 employees.

The cuts are part of a broader effort by new President Jill Hazelbaker to streamline the company's operations. Hazelbaker, who was promoted to the expanded role of president and chief corporate affairs officer three weeks ago, has emphasized the need to eliminate complexity and fragmentation within the organization. In a memo to affected teams, Hazelbaker noted that certain parts of the organization had become "too complex and fragmented, with overlapping responsibilities, unclear ownership, and teams operating too far from the businesses and partners they support."

The changes are unrelated to AI, according to a spokesperson, and are instead focused on trimming costs. Uber has taken a targeted approach to layoffs, unlike some other tech companies that have implemented mass cuts in the name of AI-driven investment and efficiencies. The company is still hiring for over 800 roles, including commercializing robotaxis.

Read also: CLSA Predicts LTM Revenue to Double Over Five Years Led by AI-Fueled Growth

The job cuts will also impact HR employees who were previously approved to work remotely. They will be required to return to the office, as part of a three-day-a-week office mandate that went into effect last June. Uber's shares pared their early losses on Wednesday morning following the news, and were down 0.6% to $71.21 at 10:30 am in New York.

DivisionNumber of Employees (approximate)
People and Places10,000
Total Global Workforce34,000

Note: The numbers in the table are approximate, and based on the information provided in the article.

Investor Takeaway

Uber's restructuring efforts may have a limited impact on its overall performance.

IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.