Uber has announced the reduction of approximately 10% of its global workforce, marking the largest staff cut since the start of the pandemic. The company cited increased competition in the food delivery sector and its investment in autonomous vehicles as key factors behind the decision. The restructuring also includes the withdrawal of Uber’s operations from Nigeria and Uganda, where the company had been operating for several years.
In Nigeria, Uber’s exit follows a period of declining market share and regulatory challenges. The company had previously faced scrutiny over its operations and safety protocols, leading to a gradual withdrawal from the market. The decision to exit Nigeria is part of a broader strategy to refocus resources on core markets and emerging technologies.
The layoffs affect thousands of employees worldwide, with the Nigerian and Ugandan branches among those impacted. While the company has not provided specific numbers for the affected regions, the exit from these markets signals a shift in Uber’s global expansion strategy. The move comes as the company continues to invest in autonomous vehicle technology, aiming to reshape its long-term business model.
The restructuring reflects Uber’s ongoing efforts to adapt to a rapidly evolving transportation landscape, balancing growth with operational efficiency. As the company repositions itself, the impact on local markets and employees remains a key concern.
