With the company struggling to survive amid the mounting regulatory scrutiny, many of its biggest names are now looking for other jobs.
In addition to the hundreds of top executives and senior managers at Uber, many are taking on new roles at other companies.
But Uber is in the midst of a massive shakeup, with more than 2,000 job cuts and a series of layoffs in just the last month.
The company says it will cut 2,500 jobs this year and that it will continue to slash the workforce over the coming months.
The layoffs are the latest blow to the once-booming business that made Uber the most valuable private company in the world.
In a statement, the company said that it “has decided to take a major, strategic, and cost-effective step in the direction of long-term strategic direction.
This decision will allow us to accelerate our growth and deliver value for our shareholders.”
CEO Travis Kalanick, who had hoped to take the company public in 2018, has taken a leadership role at Uber and is leading the company to profitability in a crowded market.
He says the company’s “performance over the past year has been exceptional and we are looking forward to continuing our trajectory.”
Uber CEO Travis Kalani says the changes were necessary to better align the company with the needs of the drivers and riders.
He said in an interview with Bloomberg that the company had “had a lot of changes in our company and we needed to make sure we were aligned with the way we do business.”
“I’m not going to pretend that we have everything under control,” Kalanicky said.
“But I do believe that we are in the right place at the right time.”
In April, Kalanicks predecessor, Anthony Levandowski, stepped down.
Uber CEO Travis and Uber board of directors, which includes Kalanack, are also looking for a new leader.
Uber said in a statement that it would continue to invest in driver-focused training, hiring and retention.
The changes were also announced earlier this month by Kalanakis CEO, who is also taking a leadership position at Lyft, another ride-sharing company.
“The next 12 months are going to be really critical for us, but we are confident that our vision for the future of Uber will take us to the next level,” Kalani told Bloomberg in April.
The news comes as Kalananick and his team are trying to make Uber a more sustainable company.
Earlier this month, Uber’s board agreed to raise $1 billion from private equity firm Carlyle Group.
This is Kalanans first attempt to take Uber public since the IPO.
Earlier this month it was reported that the CEO was contemplating a buyout.
Kalanikos company has been criticized for the high prices it charges drivers for fares and other services.