(https://www.cnbc.com/2026/06/03/uber-layoffs-people-division-ai.html) while insisting the cuts are "necessary" (not AI-driven) is corporate doublespeak. When labor is 40%+ of your opex in a low-margin business, you don't hire that deep then axe it unless unit economics are deteriorating. The real pressure isn't automation — it's that ride-share and food delivery margins can't absorb wage inflation and driver commission hikes anymore.

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