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Story summary
- Uber cuts about 3,300 corporate jobs, roughly 10% of staff.
- CEO Dara Khosrowshahi says layoffs will fund lower ride prices and autonomous growth.
- Uber will invest over $1 billion in autonomous taxis and up to $1.25 billion for 50,000 Rivian robotaxis.
- Shares rose about 2% after filing showed Khosrowshahi bought roughly $10 million of Uber stock.
- Uber aims for autonomous trips in up to 15 cities by end-2026 and to lead by 2029.