Uber Technologies is cutting 3,300 roles, representing 10% of its global workforce, in a restructuring aimed at reducing management layers and reallocating resources toward ride-sharing, delivery and robotaxi operations.
The cuts come as the ride-hailing and delivery company consolidates decision-making authority and realigns spending. Uber did not disclose severance costs or a timeline for completing the layoffs, according to the announcement.
Meanwhile, Dell Technologies raised its full-year revenue forecast after posting stronger-than-expected second-quarter results. The company reported Q2 revenue of $47 billion, exceeding analyst consensus of $44.92 billion by approximately $2.05 billion. Dell lifted its full-year FY27 revenue guidance from $172.67 billion to $192 billion, an increase of $19.33 billion, citing strong demand for servers used in artificial intelligence workloads.
Dell's upward revision came as the company's server business faced mounting orders from cloud providers and enterprise customers deploying AI systems in data centers. Large customers continue to order high volumes of hardware to support model training and inference workloads.
Uber's restructuring addresses profitability concerns that have persisted despite the company's scale. The removal of management layers is intended to lower overhead and accelerate decision-making. The company has grown to more than 330,000 employees globally, making a 10% reduction a significant operational shift.
Dell's $19.33 billion guidance raise equals a 11.2% upward revision from its prior full-year forecast. The raise compressed into one quarter, giving Dell confidence in maintaining higher growth through the fiscal year.
