Uber is significantly slowing its hiring pace through the end of 2026.
CEO Dara Khosrowshahi and CFO Balaji Krishnamurthy attributed the decision to productivity gains from artificial intelligence. The company reported unexpectedly high adoption of AI tools across its operations.
Uber developers achieved increased efficiency and code production using these new systems. This high return on investment allows the company to temper headcount growth, particularly for engineering roles.
The reduced need for new employees will offset the costs of Uber's increased AI investments.