Uber has cut its pay structure for drivers in a bid to keep costs down and maintain the company’s competitive edge.
Uber is looking to cut drivers’ pay to $25 an hour, according to a company document obtained by The Verge.
The document was first spotted by Business Insider.
The move would be part of a broader drive to trim costs as Uber has struggled with rising costs and a crackdown by regulators in cities like San Francisco, which imposed a $1.3 billion fine on Uber last year.
The Uber document, obtained by Business Insights, indicates the company is also reducing incentives for drivers to work overtime, as it will no longer reimburse drivers for overtime time spent in the company parking lot.
Uber has said it will be offering a new pay structure to drivers in the near future, which is designed to keep wages down and encourage drivers to be more flexible.