Uber’s Layoffs Aim to Lower Fares | Durham News

From Durham News Today | 2 Min News | The Daily News Now! The Daily News Now!

Uber just slashed 3,300 jobs — and instead of pocketing the savings, they’re reinvesting to slash rider prices and boost service quality. CEO Dara Khosrowshahi framed it as a strategic move from strength, not desperation, aimed at streamlining operations and making Uber more attractive through lower fares — a playbook that’s historically worked for them, even if it bucks the usual corporate trend of keeping cost cuts as profit.

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