Postmates, the on-demand delivery service, has reportedly laid off roughly 30 "community managers" across the company, according to a report from BuzzFeed citing an anonymous source. Forbes reports the layoffs as fewer than 30.

The move comes as Postmates shifts the responsibilities of employees in the various cities where it operates, according to a statement from operations VP Russell Cook that Postmates sent to Axios. While the company confirmed the layoffs, it declined to share the exact number of jobs it cut.

Financial goals: Postmates CEO Bastian Lehmann recently told Forbes that the company plans to become profitable by late 2017 or early 2018. He also said the company will go public by 2019—a prediction Axios' Dan Primack finds improbable. Still, it's no surprise the company is taking measures to cut costs and boost margins.

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There's little consensus on TikTok's specific national security threat

Illustration: Aïda Amer/Axios

TikTok has become a Rorschach test for how U.S. politicians view China, with little consensus on the specifics of its threat to homeland security.

The big picture: Much of what D.C. fears about TikTok is fear itself, and that's reflected in President Trump's executive order to ban the app by Sept. 20 if it's not sold by parent company ByteDance — alongside another focused on Chinese messaging app WeChat and its parent company Tencent.

U.S. sanctions Hong Kong leader Carrie Lam

Photo: Anthony Kwan/Getty Images)

The Treasury Department on Friday placed sanctions on Hong Kong leader Carrie Lam, following months of tension as she has allowed continued overreach by Beijing to subvert Hong Kong's autonomy.

Why it matters: It's the toughest sanction yet imposed on China for its destruction of Hong Kong’s relatively free political system.

GM's high-stakes electric move

The Cadillac Lyriq. Image courtesy of Cadillac

Cadillac on Thursday unveiled the Lyriq, the luxury brand's first all-electric model and GM's first consumer electric vehicle unveil since the Chevy Bolt several years ago.

Why it matters: It's the first reveal by GM of an electric vehicle that will use the company's new modular platform and Ultium battery system — technologies meant to underpin the 20 electric vehicles that GM plans to launch by 2023.