Uber Freight cuts 150 jobs-Check out in detail

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Uber Freight laid off 150 employees, or 3% of the unit’s total head count, according to a message viewed by CNBC.

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The cuts come after CEO Dara Khosrowshahi reiterated that Uber would not execute companywide layoffs.

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The layoffs affect the division’s digital brokerage team, Uber Freight CEO Lior Ron said Monday in a message viewed by CNBC.

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They are the first layoffs since 2020, in the early weeks of Covid lockdowns.

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Uber launched its freight unit in 2017 with a belief that trucking companies and laden goods could be matched using the same concept that underpinned the company’s ride-hailing technology.

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The unit booked $1.8 billion in revenue for the third quarter of 2022, up 336% year over year.

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Uber CEO Dara Khosrowshahi said last week at the World Economic Forum in Davos that he isn’t planning companywide layoffs.

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The cuts follow far deeper tech layoffs at Alphabet, Meta, Amazon, Microsoft and Twitter.

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