Uber will cut 350 jobs across units including at Uber Eats, citing “bureaucracy that tends to creep as companies grow,” per a report from TechCrunch.
The cuts are the third round in recent months (800 in total ), CEO Dara Khosrowshahi said they are the last wave. Uber has come under increased scrutiny by investors since its May IPO, with its stock declining around 30% and the street questioning its path to profitability
