Uber CEO Says 3,300 Layoffs Will Fund Lower Prices for Customers

At the Goldman Sachs Communacopia + Technology Conference, Uber CEO Dara Khosrowshahi stated that the approximately 3,300 corporate jobs cut by the company last week will prove beneficial to customers since the money saved will be used to lower prices. The previous week Uber announced that it was dismissing 10 per cent of its corporate staff, covering about 3,300 positions, in order to reduce the number of management layers, which represents the company's largest job cuts since the pandemic.