UBER ▲ +2.6% - Uber Technologies, Inc. $UBER TO CUT 3,300 JOBS IN OVERHAUL TO REDUCE MANAGEMENT LAYERS Uber shares rose 2.6% following the company's announcement of a workforce reduction affecting 3,300 jobs as part of a restructuring to flatten its management hierarchy. Investors typically respond positively to cost-cutting measures and operational streamlining, especially when companies signal efforts to improve efficiency and reduce overhead expenses. 02-SEP-2026 07:20 AM ET