Uber Technologies will cut 3,300 jobs, or roughly 10% of its global workforce, as part of an overhaul, as it looks to reduce the number of managers, the company said on Wednesday.
The cuts will reduce the number of managers in the company by 20%, CEO Dara Khosrowshahi said in an email to employees.
Uber had about 34,000 employees globally at the end of last year, according to its annual report.
The ride-hailing firm’s stock rose 2% on the news, which was first reported by Bloomberg News.
Italy's population will shrink by almost 4 million by 2050, undermining the sustainability of its economy and welfare system as the proportion of elderly people increases, national stat...
Morning Briefing
Prosecution to Appeal Fenech Acquittal, Raising Prospect of Retrial
The prosecution will appeal Yorgen Fenech’s acquittal over the murder of journalist Daphne Caru...
Morning Briefing
Court orders police to examine new evidence after Fenech acquittal
The Criminal Court has ordered police to examine testimony heard during Yorgen Fenech’s murder t...
Updated1115
Government backs institutions as PN demands answers after Fenech acquittal: The government said it remains committed to ensuring justice is served, stressing that institut...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Malta Public Transport is encouraging passengers attending Una Notte Con Le Stelle at The Granaries, Floriana, on Saturday 5 September to make use of the regular night bus services opera...
Volkswagen's supervisory board on Thursday approved a transformation plan that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity and aggres...
Artificial intelligence has already transformed industries such as finance and education, but one of its most important tests may come in medicine: discovering new drugs.
Pharmaceutic...
Malta’s new pay transparency regulations, which came into effect on the 5th of June, aim to strengthen fairness and equality in the workplace, but employers are warning that the rushed i...
Malta Public Transport is encouraging passengers attending Una Notte Con Le Stelle at The Granaries, Floriana, on Saturday 5 September to make use of the regular night bus services opera...
The first edition of HEKATECH.HEALTH 2026, to be held in Malta on November 26, will focus on how health systems can reconcile two increasingly urgent demands: expanding access to new med...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Ukraine wants peace but will not just give in to Russia at any price, President Volodymyr Zelenskiy said on Monday in a defiant speech marking Independence Day celebrations.
British...
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the...
