• Uber’s new president, Jill Hazelbaker, reportedly said the cuts were unrelated to the ongoing implementation of artificial intelligence.
• Human Resources employees at Uber, who had previously been cleared to work from home, are also being asked by the new president to return to the office.
• The changes come three weeks after Hazelbaker assumed the expanded role of president and chief corporate affairs officer.

Ride-hailing service provider Uber Technologies (UBER) is reportedly slashing 23% of jobs across its “People and Places” division.

According to a Bloomberg report on Wednesday, the company’s newly promoted president, Jill Hazelbaker, informed affected employees of the cuts in an internal memo, as part of an initiative to streamline the team.

Senior Roles Slashed

A company spokesperson told Bloomberg that the cuts affected many senior roles in the division, accounted for less than 1% of Uber’s 34,000 employees worldwide, and were unrelated to the ongoing implementation of artificial intelligence.

“As we’ve grown, parts of the organization have become too complex and fragmented, with overlapping responsibilities, unclear ownership, and teams operating too far from the businesses and partners they support,” Hazelbaker reportedly said in a memo.

“These changes are necessary to maximize the effectiveness of the People team and the enormous potential ahead of us,” CEO Dara Khosrowshahi reportedly said in a separate memo addressing company executives.

Back To Office

The report also said that Human Resources employees at Uber, who had previously been cleared to work from home, are being asked to return to the office to comply with a three-day-a-week rule that took effect last June.

Hazelbaker, a company veteran previously handling marketing, policy, and communications, announced the changes three weeks into assuming the expanded role of president and chief corporate affairs officer.

What Do Retail Traders Think About UBER?

On Stocktwits, retail sentiment about UBER remained ‘bullish’ over the last 24 hours. One user on the platform opined that the company made “a pretty aggressive cost-cut move.”

UBER stock has fallen roughly 14% so far this year and over the last 12 months, underperforming the S&P 500.

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