IBOV 185,483.42 ▲ 3.21% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,838.57 ▲ 0.50% MERVAL 3,057,915 ▲ 0.28% COLCAP 2,483.01 ▲ 0.52% BVL PERÚ 59,515.48 ▲ 0.86% USD/BRL5.10▼ 1.01% USD/MXN16.98▼ 0.07% USD/CLP937.97▲ 0.07% USD/COP3,159▼ 1.55% USD/PEN3.36▼ 0.22% USD/ARS1,512▼ 0.08% USD/UYU40.24▲ 1.21% USD/PYG5,885▲ 1.38% USD/BOB12.20▲ 4.46% USD/DOP58.55▲ 0.49% USD/CRC445.58▲ 1.89% USD/GTQ7.63▲ 2.07% USD/HNL26.83▲ 1.45% USD/NIO36.62▲ 0.20% USD/VES799.17▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.66▲ 0.93% EUR/BRL5.91▼ 1.69% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,483.42 ▲ 3.21% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,838.57 ▲ 0.50% MERVAL 3,057,915 ▲ 0.28% COLCAP 2,483.01 ▲ 0.52% BVL PERÚ 59,515.48 ▲ 0.86% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Wednesday, September 2, 2026

Brazil Business - Brazil

Uber Cuts 3,300 Jobs Days After Opening a Rio Tech Centre

By · September 2, 2026 · 5 min read

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Brazil · TECHNOLOGY

Key Facts

  • The cuts Uber will cut about 3,300 jobs, roughly 10% of its 34,000 staff.
  • Announced Chief executive Dara Khosrowshahi told employees on Wednesday 2 September 2026.
  • The reason Uber says it is removing layers and refining its global location strategy.
  • Where it hits Deep management layers, micro-teams and remote roles, with staff pulled toward San Francisco and New York.
  • The Brazil question Uber opened a 500 million reais tech centre in Rio seven days before the memo.
  • Not affected Drivers and couriers are not employees and are not in the 3,300.

Uber opened a tech centre in Rio last week. This week it told staff it is thinning management and rethinking where its people sit.

Uber job cuts - drivers protesting Uber pricing in Sao Paulo
A protest against Uber pricing in Sao Paulo. Drivers are not Uber employees and are not among the 3,300 jobs being cut. (Photo: The Rio Times archive.)
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Uber will cut about 3,300 jobs, roughly a tenth of its staff. Chief executive Dara Khosrowshahi told employees on Wednesday 2 September 2026.

The company says it is thinning management layers and refining where in the world its people sit. It opened a new engineering centre in Rio de Janeiro seven days earlier.

What Uber Is Actually Cutting

The 3,300 figure is about 10% of a workforce of some 34,000. Drivers and couriers are not Uber employees and are not part of it.

The cuts fall hardest deep in the hierarchy. Staff seven or more layers below the chief executive are being reduced by about a fifth.

Teams with only one or two direct reports are being cut by nearly half. Uber is also reducing remote roles and pulling people toward San Francisco and New York.

Two countries are being left entirely. Uber is exiting Nigeria and Uganda from the same date.

The Question Uber Has Not Answered

Around 26 August 2026 Uber opened a technology centre in Rio de Janeiro. It committed 500 million reais (US$97 million) and 200 jobs.

That sits inside a wider 2 billion reais pledge to Brazil over five years. Uber already has about 700 engineers in São Paulo.

Seven days later the memo talked about refining the global location strategy. That is the language under which an offshore engineering hub gets reconsidered.

Uber has not said whether any Brazilian role is affected. No country-level breakdown of the 3,300 has been published.

Why a Profitable Company Is Cutting

Uber is not in trouble. Second-quarter revenue was US$14.19 billion, up 12.2%, with net income of US$2.4 billion.

The stated reason is structure rather than cost. Growth, the memo said, brought more layers, more coordination and fragmented ownership.

Investors approved. The shares rose about 2.4% on the day, to around US$77.

One number did disappoint. Guidance for the third quarter came in below what analysts expected.

What the Money Is For

The memo is explicit that freed resources go to building the autonomous future. This is Uber’s own framing, not an outside reading.

Uber has committed more than US$10 billion to robotaxis. It works with Lucid, Nuro and Rivian, runs self-driving taxis in Dallas through Avride, and has its own autonomous arm.

The competitive threat is concrete. Waymo runs fully driverless rides in fourteen American cities and has doubled its lobbying spending.

Uber shares fell nearly 5% earlier on reports that Waymo might walk away from their partnership. That is the vulnerability the spending answers.

This Is the Third Round This Year

Uber has already cut twice in 2026. It reduced its human resources function by 23% around June.

It then cut about a tenth of its customer service staff in August, citing organisational complexity and a push into artificial intelligence. This week’s round is the largest since the pandemic.

The Bigger Latin American Story

Something else may matter more here than the job cuts. Uber has an agreed takeover of Delivery Hero worth about US$14.8 billion.

Delivery Hero owns PedidosYa, which operates across fifteen Latin American markets. Those run from Argentina and Chile to Peru, Colombia and most of Central America.

Whether PedidosYa is inside the deal perimeter has not been confirmed. If it is, competition regulators in several countries will have a view.

What Uber Does Not Disclose

Uber does not break out Latin America in its financial reporting. There is no published figure for regional revenue, bookings or trips.

Uber Brazil executives have called Brazil the company’s largest market, citing 140 million users and more than two million drivers. Those are registration counts rather than active users, and no revenue measure supports the claim.

Frequently Asked Questions

How many jobs is Uber cutting?

About 3,300, or roughly 10% of its 34,000 employees. Drivers and couriers are not employees and are not included.

Does this affect Latin America?

Uber has not said. The announcement names no Latin American market, and the only country exits disclosed are Nigeria and Uganda.

What about the new Rio tech centre?

Uber opened it around 26 August 2026 with a 500 million reais commitment and 200 jobs. The company has not said whether it or the 700 engineering roles in São Paulo are affected.

Why is Uber cutting while profitable?

It is not cutting for lack of money. Second-quarter revenue was US$14.19 billion and net income US$2.4 billion, and the stated aim is speed and simpler structures.

What is a robotaxi?

A self-driving vehicle used for hire, with no driver in the cost base. Uber has committed more than US$10 billion to autonomous vehicles and says the savings will fund that push.

Connected Coverage

Sources: Uber internal memo of 2 September 2026 as reported; Uber second-quarter 2026 results; O Globo on the Rio technology centre, 26 August 2026; Delivery Hero; Axios; Forbes; Gizmodo. Converted at 5.1570 reais to the dollar, the Banco Central PTAX selling rate for 1 September 2026.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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