Uber Cuts 3,300 Jobs; The Trade Desk to Trim 585 in Information Technology
Two Information Technology employers announced workforce reductions Sept. 11–12: Uber Technologies, Inc. and The Trade Desk reported combined cuts of 3,885 roles.
Lede
Two large employers in the Information Technology sector reported workforce reductions during the Sept. 11–12 reporting window. Uber Technologies, Inc. disclosed cuts affecting 3,300 employees, and The Trade Desk reported plans affecting 585 employees, combining for 3,885 reported job cuts.
Reported layoffs
Uber Technologies, Inc. — 3,300 (global) According to reporting compiled by The Economic Times, Analytics Insight and newsdrum.in, Uber Technologies, Inc. said last week it laid off roughly 3,300 people, about 10% of its corporate staff. The company characterized the move as a reduction in management layers; CEO Dara Khosrowshahi told reporters the resulting savings and insurance adjustments would be reinvested to lower customer prices and support investments in Uber’s autonomous taxi network, per the cited coverage. The reporting also noted the company announced the cuts after stronger-than-expected quarterly results and referenced regulatory and financial pressures noted in those accounts.
The Trade Desk — 585 (global) Per filings and reportage summarized by ADWEEK, Business Insider and PPC Land, The Trade Desk announced an organizational realignment on Sept. 4 and submitted an SEC filing indicating it will cut about 15% of its workforce, which the company estimated at roughly 585 roles based on earlier headcount. The company said the reduction is part of an organizational realignment; the filing did not disclose the specific locations, departments affected, or a detailed timetable for the cuts, according to the reports.
Closing
Combined reporting and filings show 3,885 total affected employees across these two Information Technology employers, with Uber Technologies, Inc. and The Trade Desk making public disclosures or being the subject of press reports and SEC filings that provided the headcount and broad rationale for the workforce reductions. These accounts are attributable to the named publications and filings cited above.