Uber gains on plans to cut 3,300 jobs

Uber Technologies

02/09/2026 12:53

** Uber Technologies UBER.N shares gain 2% to $76.80 in premarket trading
** To cut 3,300 jobs, or roughly 10%, of its global workforce
     ** Job cuts will reduce the number of managers at the company by 20%, CEO Dara Khosrowshahi said in an email to employees
     ** The ride-hailing firm company had about 34,000 employees globally at the end of last year, according to its annual report
** Forty-five of 52 brokerages rate the stock "buy" or higher, six "hold" and one "sell"; their median PT is $101 - LSEG-compiled data
** Up to last day's close, the stock is down 7.9% YTD

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))