September 3, 2026 — 11:59 am Save You have reached the maximum number of items saved. Remove items from the saved list to add new ones. AAA Uber will cut around 10 percent of its global workforce and Australian employees will be among those affected. The ride-sharing company is cutting about 3,300 positions; At the end of last year, the company employed 34,000 people worldwide. Uber is cutting 10 percent of its workforce.AP An Uber spokesman confirmed that Australian employees were affected, but did not say how many. As of December 31, there were 568 employees working here. Chief executive Dara Khosrowshahi told employees in a memo late on Wednesday AEST that Uber’s revenue had nearly tripled in five years, but that growth had brought additional layers of management and unclear decision-making responsibilities. According to him, the changes will make the company “simpler and faster.” Uber has cut the number of employees seven or more levels below the CEO by 20 percent, and has also halved the number of teams with one or two reports. Only about 1% of employees will remain fully remote. Khosrowshahi did not link the cuts to artificial intelligence, which has fueled a wave of recent job cuts in the technology sector. He said the savings would be reinvested, including in a previously announced commitment of more than US$10 billion ($14 billion) to develop autonomous vehicles. Uber shares rose on the news. The company’s value now exceeds $150 billion. Uber CEO Dara Khosrowshahi pictured with Wendi Murdoch.Bloomberg Australia is one of Uber’s most profitable markets in the world. Last year, Australians paid Uber’s divisions more than $14.5 billion for rides, food delivery and other services, this headline previously reported, up more than $2 billion from the year before. It generated $2.12 billion in gross profits locally, almost all of which again went to administrative expenses, including $1.85 billion in unspecified “service fees” paid to related companies overseas. The Australian division made a net profit of $8.7 million and paid income tax of $15.58 million. More than 100,000 people drive or deliver with Uber in Australia. They are classified as contractors, not employees, and are not included in the redundant workforce. Their pay and conditions have just changed, with minimum standards for food delivery workers coming into force on August 17 under the Albana government’s gig economy laws. The laws set minimum wages at $31.30 per hour for cyclists and $32 per hour for car drivers during “busy times.” A separate application relating to rideshare drivers is being considered by the Fair Work Commission. Uber is also fighting an $81.5 million payroll tax dispute with the NSW government in the High Court after losing in the Court of Appeal last year. A defeat could set a precedent in every state. The Market Recap newsletter provides an overview of the day’s trading. Receive every weekday afternoon. Save You have reached the maximum number of items saved. Remove items from the saved list to add new ones. David Swan is technology editor of The Age and the Sydney Morning Herald. He was previously technical editor of an Australian newspaper.Connect via X or e-mail. From our partners Post navigation Deciphering the new AI lingo: loops, seat belts, squads, hill climbing… oh my! The Economics of Scaling Agents: Tokens, ROI, and Building Platforms for AI-Focused Teams (Part 2)