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. He also said the layoffs would translate into "savings that we intend to reinvest in growth, innovation, and the capabilities that will matter most over the coming years.
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