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Fortune
Fortune
Marco Quiroz-Gutierrez

Uber’s CEO says cutting 3,300 corporate jobs could help lower the price of your next ride

(Credit: Jemal Countess—Getty Images for Uber)

Laying off thousands of corporate workers could just be a good thing for Uber’s customers, said CEO Dara Khosrowshahi.

Earlier this month, the rideshare company said it was eliminating 10% of its workforce, or about 3,300 people, in its largest round of cuts since the pandemic. Khosrowshahi said at the time the layoffs would allow for a flatter management structure and less complexity, especially useful at a time when autonomous taxi companies like Alphabet-owned Waymo increasingly threaten its rideshare business in some markets.

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