Ride-hailing

Uber lays off 350 employees in third round of cuts

Photo: Denis Charlet/AFP/Getty Images

Uber's ongoing layoffs continued Monday, with the company announcing cuts of about 350 employees across multiple units, including food delivery service Eats and its autonomous driving unit ATG, TechCrunch first reported and Uber confirmed to Axios.

Why it matters: This is the 3rd wave of layoffs in recent months at the company, which has been trying to cut costs and show investors a clearer path to eventual profitability. Uber's stock price, which is still not back to IPO levels, went up 4% on the news.

SF considers a new office to manage "emerging technologies"

Photo: Smith Collection/Gado/Getty Images

San Francisco legislators have a new idea to tackle all the new tech that roams around their streets: an Office of Emerging Technologies that would dole out approvals to startups and companies wishing to unleash new gadgets and services on the city.

Why it matters: San Francisco is home to many tech companies that aim to reshape urban life, but the city has often seemed ill-prepared to deal with them, whether by welcoming or regulating them.