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Chronicles

The story behind the story

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In email to staff, Dara Khosrowshahi says Uber will cut 3,000 more jobs, in addition to the 3,700 that were let go earlier this month, and will close 45 offices

Preetika Rana / Wall Street Journal :

Wall Street Journal Preetika Rana

Context & Ripple Effects

This second round lands exactly where the reporting pointed: after the May 6 announcement that Uber would lay off 3,700 employees, about 14% of its workforce, executives were reportedly weighing a cut of roughly 20% of its 27,000 headcount — a plan that coincided with longtime CTO Thuan Pham's resignation. Today's email confirms the deeper cut was real.

The office closures extend a pattern rather than start one. Uber has been shrinking its footprint since at least mid-2019, when it cut ~400 marketing staff across 75 offices, followed by product and engineering layoffs that fall. The company has also retreated from capital-heavy bets before, shutting its US auto-leasing unit in 2017 to pursue 'a less capital-intensive approach' — the same logic now applied to real estate.

First-order effects

  • Roughly 3,000 additional employees lose their jobs on top of the 3,700 cut earlier this month, taking total May layoffs to about 6,700 — near the ~20% reduction executives had discussed internally.
  • Forty-five offices close, consolidating Uber's physical operations into fewer locations while pandemic-depressed ridership persists.

Second-order effects

  • With both ride-hailing and delivery demand still impaired, rivals like Lyft face pressure to match the cost structure rather than compete for market share during recovery — Uber is effectively setting the sector's expense floor.
  • Commercial landlords and secondary-office markets lose a marquee tenant class just as other tech employers weigh their own footprints, accelerating renegotiation leverage away from landlords.

Third-order effects

  • If the pattern from 2017's auto-leasing exit through today's closures holds, Uber is structurally rebalancing toward asset-light operations — smaller headcount, fewer offices, less fixed cost — which becomes the template investors expect of gig platforms entering downturns.
  • A permanently leaner Uber shifts the industry's center of gravity toward profitability discipline over growth-at-all-costs, raising the bar for any competitor still spending to expand.

The trend: Uber is executing a sustained, multi-year contraction — repeated layoff rounds and office closures since 2019 — that converts pandemic pressure into a permanent shift from growth spending to capital-light operations.

Discussion

  • @kateconger Rocket Surgery on x
    Deep cuts at Uber today: - 3,000 more layoffs (on top of 3,700 earlier this month) - 45 offices closing globally - Transit downsizing - delivery services merging (Eats, Cornershop, direct)
  • @preetika_rana Preetika Rana on x
    My @WSJ scoop today: Uber is cutting some 3,000 additional jobs, closing 45 offices and re-evaluating big bets in areas ranging from freight to self-driving technology. The latest cuts mean Uber is shedding a quarter of its workforce in under a month. https://www.wsj.com/...
  • @khanoisseur @khanoisseur on x
    Uber shedding jobs was inevitable. As people flee Covid-19 stricken cities for the burbs, more will ditch public transportation for bikes 🚲 and we could see many former car owners return to owning cars (hybrids will see soaring sales) again. https://twitter.com/...
  • @andyjayhawk Andrew J. Hawkins on x
    More layoffs at Uber: 3,000 more employees are losing their jobs. This comes as the company has reported an 80% drop in its rides business. In less than a month, Uber has eliminated over a quarter of its global workforce. https://www.theverge.com/...
  • @jessiwrites Jessi Hempel on x
    As Uber makes a second, drastic layoff announcement in as many weeks, the company has now lost 25% of its base. How will it take care of the culture of the company it has left? https://www.wsj.com/...
  • @gregbensinger @gregbensinger on x
    There is nothing Wall Street loves quite as much as job cuts. https://www.wsj.com/... https://twitter.com/...
  • @alex @alex on x
    $UBER shares now up 5.8% today, gained on the news https://twitter.com/...
  • @wsj @wsj on x
    Uber is cutting 3,000 more jobs, closing dozens of offices and re-evaluating bets on freight and self-driving technology, its CEO said in a memo to staff https://www.wsj.com/...