Illustration by Alex Castro / The Verge

Uber held its second annual product event today, at which the company announced new features for business travelers, group rides, and electric vehicles. The news comes as the company’s CEO, Dara Khosrowshahi, is renewing his efforts to make Uber’s core ride-hailing product profitable through cost-cutting and a hiring slowdown.

Just because Uber is trying to rein in its costs doesn’t mean it will stop rolling out new features in its...

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