Uber is the latest Silicon Valley company to blame too much bureaucracy for job cuts.
CEO Dara Khosrowshahi sent a memo to staff Wednesday announcing that the ride-hailing company was cutting about 10% of its workforce as part of a major reorganization.
The company confirmed reports that roughly 3,300 employees, primarily middle managers, were being let go.
“We are removing layers, simplifying team structures, refining our global location strategy, and focusing our people and investments against the biggest opportunities ahead of us,” Khosrowshahi wrote in the memo.
The layoffs come just weeks after Uber reported $14.2 billion in quarterly…
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