Uber is laying off about 3,300 employees, or roughly 10% of its workforce, as part of a restructuring aimed at cutting management layers and redirecting investment toward ridesharing, delivery, and robotaxis. CEO Dara Khosrowshahi announced the changes in an internal email that was also published online.TechCrunch reports: According to the email, the layoffs are part of a restructuring exercise that would shrink the number of managers by 20%, and some personnel in these roles would work as individual contributors going forward. The ridesharing giant is reducing the number of teams with one or two members by 50%, and letting go staff who are "more than seven layers down from the CEO," per Bloomberg. Khosrowshahi's email said the company is combining its engineering, science, and delivery divisions. The company is also bringing together its delivery operations across restaurants, retail, and direct divisions. Remote jobs at the company are going away, too, with Uber only allowing less than 1% of its staff to work remotely.

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Dell reported record fiscal Q2 results as AI server demand surged, booking $60.9 billion in AI server orders and ending the quarter with a $95 billion backlog. From a report: The company posted record revenue of $47 billion, up 58% year over year. Earnings per share came in at $6.34, up 273% from a year ago. Adjusted earnings rose 203% to $7.04 per share. "With AI momentum accelerating and our opportunity expanding across the portfolio, we're raising our full-year FY27 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year," said Jeff Clarke, CEO of Dell Technologies, in the company's earnings release. Dell has seen its orders balloon as enterprise customers adopt artificial intelligence and use AI servers locally to run agentic AI queries. Dell stock is up more than 230% year to date. Peer Hewlett Packard Enterprise (HPE), which also moved up 110% since the start of the year, jumped in after-hours trading.

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