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Uber to Exit Nigeria by September 2026, Cutting Jobs

Business

Uber has decided to wind down its operations in Nigeria, effective September 2, 2026. The company, which launched in Lagos in 2014, expressed gratitude for the trust placed in its platform for transportation.

CEO Dara Khosrowshahi announced the elimination of about 3,300 positions globally, primarily targeting management and coordination roles. This decision follows a thorough review of Uber's business and aims to simplify team structures and enhance organizational efficiency.

Khosrowshahi emphasized that the changes are not a reflection of employee contributions but rather a necessary step to streamline operations and focus on future growth opportunities. Despite the company's significant growth over the past five years, which saw its top line nearly triple, the complexity of operations necessitated these changes.

The restructuring is intended to create a leaner organization, allowing for faster decision-making and reinvestment in growth and innovation.

Plus234Feed summary based on reporting from Daily Trust. Read the original report below.

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