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00:02Uber is cutting 23% of jobs in its People division as it restructures operations under
00:06new president Jill Hazelbaker, according to CNBC. CEO Dara Khosrowshahi said in a memo that the
00:12changes are necessary to maximize the effectiveness of the People team.
00:15The cuts affect recruitment and human resources staff. Uber did not disclose the total number of
00:19affected employees, but a spokesperson said the cuts represent well under 1% of its 34,000 employees.
00:25Hazelbaker said some teams had grown too complex and fragmented,
00:27with overlapping responsibilities and unclear ownership. Uber said the layoffs were not
00:31driven by artificial intelligence. The company also confirmed tiered spending caps on Argentic
00:34AI tools with a base tier of $1,500 per month. For all things money, visit Benzinga.com.
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