News Summary

• Uber is laying off 10% of its corporate staff.
• The 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.
• Uber is also asking almost all its employees to return to working in an office at least three days a week, he added.
• The layoffs are the latest example of a tech company taking aim at managers' jobs to save money.
• From Meta to Coinbase, other companies have either cut back on such roles or asked managers to start producing themselves.