Uber is laying off 10% of its staff as it seeks to cut management layers

• Uber is laying off 10% of its corporate workforce, or 3,300 people, it said on Wednesday.
• The job cuts targeted management and coordination roles, CEO Dara Khosrowshahi said.
• It's the third round of layoffs at the company so far this year.

Uber is laying off 10% of its corporate staff, joining other tech firms in cutting management layers.

The ride-hailing company's move will eliminate roughly 3,300 positions, the company said on Wednesday.

The job cuts focused on management and coordination roles, CEO Dara Khosrowshahi wrote in a memo to staff. While Uber's recent financial results have largely surpassed analysts' expectations, the company has become more complex over the last five years, Khosrowshahi wrote.

"We have reduced roles primarily focused on coordination, and have clarified the remit of the coordination roles that remain," he wrote.

Uber "also cut down the number of management layers by broadening manager scopes," Khosrowshahi wrote.

The layoffs are the latest round of job cuts for Uber, which eliminated roles in customer service and HR earlier this year.

This is a breaking story. Check back for updates.

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