Uber to cut 10% of its global workforce

Uber is making a significant move by cutting 10% of its global workforce, amounting to 3,300 jobs. This decision comes as competition in the food delivery sector heats up and the race for autonomous ride services intensifies. The layoffs reflect Uber's strategic shift to streamline operations amid increasing challenges and a drive to become more profitable. This move underscores the evolving dynamics within the ride-sharing and delivery industries, highlighting the pressure companies face to adapt and thrive in a highly competitive market.