Uber Plans Layoffs For 10% Of Workforce In Restructuring. Stock Rises.

Uber Technologies (UBER) is planning to lay off 10% of its workforce as part of a broader restructuring. Uber stock edged higher Wednesday morning following the news. The job cuts include about 3,300 roles. The cuts will focus on reducing management layers while reallocating spending toward Uber’s core business and initiatives like autonomous vehicles, as Chief Executive Dara Khosrowshahi described…