It's election day, but don't let all the political hype take your eye off the ball. Read all the non-election Bay Area business news here to get the lowdown this Tuesday morning.
is laying off 5% of its workforce, a move that affects roughly 300 workers."Over the last two quarters, we have taken a number of measures to try to address the bottom line but found ourselves in the position of needing to do more,"
."In looking at our future business portfolio, we made the difficult decision to eliminate roles." Zendesk shares are down more than 25% this year. shares fell by more than 20% on Tuesday after reporting weaker-than-expected ridership growth, signaling that it’s losing ground to Uber. The company recorded 20.3 million active riders in the third quarter, missing an estimate of 21.1 million — and falling well short of Lyft’s base of 22.9 million active riders at the end of 2019.
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Candidates for San Jose mayor campaigning until voting ends TuesdayBoth Chavez and Mahan will be at their campaign headquarters as votes are tallied Tuesday night just after 8 p.m. The latest polls show that the there is no front-runner and the race for San Jose’s next mayor is too close to call.
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Sports betting, dialysis clinics, income tax go before voters - San Francisco Business TimesIn the Nov. 8 election, voters across California will weigh in on propositions that could impact businesses in various industries across the state.
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Bay Area sees lowest October home sales volume in 15 years - San Francisco Business TimesEconomic conditions in September and October continued to nosedive and so did real estate sales in San Francisco. Here's how much they were down in October compared to the previous year.
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Year Up is on a mission to close the career opportunity divide - San Francisco Business TimesBank of America partnered with Year Up in 2006, advocating for social justice and serving local communities. Today, Year Up talent is an important part of Bank of America’s talent sourcing strategy.
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The delayed housing project at 469 Stevenson is up for review—again - San Francisco Business TimesConcerns about gentrification and seismic safety delayed a 495-unit residential tower last year. Those concerns will be addressed again in the coming months.
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San Francisco Braces for Heavy DownpourFor some people, rain means worries about possible flooding, and for one specific flood-prone San Francisco neighborhood, the storm is giving them a chance to test new improvements meant to keep the water out.
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