The latest string of layoffs may surprise you . . . or not

TechCrunch Newsletter

By Christine Hall Monday, December 04, 2023

When the tech layoffs rain, sometimes it pours. In today's top story, Manish reports on the latest round of Spotify layoffs expected to impact about 1,500 jobs. The streaming service points to rising capital costs as the culprit. Also today, Romain writes that Twilio lays off another 5% of employees amid activist pressure, while Ivan covers lays off of Filmic employees. The company was acquired last year by creative app studio Bending Spoons. Over on TechCrunch+, Alex goes into why Spotify is laying off employees. It’s a matter of respect. Meanwhile, Manish reports that edtech startup Doubtnut was acquired by Allen Career Institute for $10 million. Why is this significant? Doubtnut was once offered a $150 million deal by Byju's. Get the scoop. And it's time to treat yo'self to something new for the kitchen. Amanda shares a list of the best kitchen gifts for techy chefs. Image Credits: Sergi Alexander / Stringer / Getty Images

More top reads It's in their DNA: 23andMe confirms that hackers stole ancestry data on 6.9 million users. This is an update to last Friday's story in which the genetic testing company, in an SEC filing, claimed hackers accessed a "significant number" of files about users' ancestry but were muddy on the details. A game of social media leapfrog: Fitness tracking app Strava gets in-app messaging to help you bypass WhatsApp. Let's run. Is there such a thing as a run on cars?: If so, you might want to head over to Tesla ASAP. The electric carmaker's cheapest vehicle is losing half its tax credit next year. See which one that is. Put that data right where I can see it: ArmorCode raises $40 million to consolidate security data in one place. Read more. Pulling at Threads: The number of Threads downloads returns to growth mode as X adds Walmart to its advertiser exodus list. Read how Threads is gaining traction. Trouble with a capital M: Meta faces a major legal challenge after media owners in Spain pursue a privacy breach lawsuit that could set Meta back $600 million in competition damages. Get the scoop. That's the ticket: TikTok expands its in-app Ticketmaster ticketing feature to users in 20 countries. Read more. You heard 'em: It seems like generative AI is everywhere these days. If only it were easier to adopt. AssemblyAI heard the call and is building easier-to-use AI speech models. All with $50 million in new funding. Graphite with a purpose: Up Catalyst draws a €4 million seed round to make battery graphite from carbon dioxide. Here's how. (TC+) It's all about the capture: The makers of the pro photography app Halide venture into video with Kino, due out this February. Learn more. What's in a word?: Well, if you're talking about AI, everything. Introducing the words of the year. Bits and baubles: Atomic Industries closes $17 million in seed funding to exascale America's industrial base. Read more. Weekend warriors you may have missed: GM and Toyota are shaping up to be the biggest losers in the EV transition (TC+) VC Office Hours: Unlocking the Farmers' Market with Black Farmer Fund (TC+) India's MoveInSync eyes $50-60M in fresh funding Robotics Q&A with Meta's Dhruv Batra Deal Dive: Betting on beauty fads is big business (TC+) Image Credits: David Paul Morris / Bloomberg / Getty Images

On the pods Equity covers the latest in tech news from the weekend and what's making headlines early in the week. We’re talking through CoreWeave’s new $7 billion valuation, what’s happening in crypto, delays at Google’s AI project and Spotify cutting staff in light of economic conditions. Listen here. Read More Image Credits: Bryce Durbin

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Apple battles new security bugs with more security updates

TechCrunch Newsletter

By Christine Hall Friday, December 01, 2023

In today's top story, Zack writes that Apple releases some new security updates for iOS, iPadOS and macOS to fix two zero-day bugs. We don't know yet who is actively exploiting these vulnerabilities. Get the scoop. Meanwhile, is this the end of Elon Musk? Darrell thinks so. He opines that so many things have happened lately with Musk — and not many of them good. The most recent being the launch of the Tesla Cybertruck, which was both over budget and probably overhyped. Could Musk's influence be waning? Find out. Also, Kirsten has everything you need to know about the Cybertruck. More Elon news below. And Connie was over in Finland this week for Slush, the yearly event for the European startup ecosystem. She interviewed Benchmark general partners who warned that in today's AI funding frenzy, "Don't be Microsoft." Image Credits: Darrell Etherington / TechCrunch

More top reads If you find that phone you want, you better get it: Smartphone sales are poised to rebound on AI gains, according to reports. Read more. Gift-giving galore: We are now in December, so shopping days before the holidays are passing us by quickly. Don't worry, here are some child-focused products from kid tech startups and a list of books that even authors are excited to gift. If you can't join 'em, beat 'em: Elon Musk told off advertisers deciding to leave X. Now he says the social media giant will chase small business ad dollars instead. He might also let X fail. Chasing AI: AWS re:Invent took place this week. After taking in the environment, Ron gives his perspective on AI amid the rise of large language models. In addition, he writes about how Amazon finds itself in the unusual position of playing catch-up in AI. (TC+) Speaking of Amazon: The company purchased three Falcon 9 launches from SpaceX to support deployment of its Project Kuiper mega-constellation. Stay tuned as this story develops. Nose for news: Capsule's new app combines AI and human editors to curate the news. Read more. Doggone good deal: Not every SPAC is a bad dog. Here's why Alex says Rover's $2.3 billion sale price makes good sense. (TC+) Wait a minute: Montana's ban on TikTok is now on hold. Here's why. Discover: Telegram spruces up its channels with new discovery and customization features. See what's new. Second time's the charm?: Meta faces more questions in Europe about child safety risks on Instagram. Read more. Get your game on: Microsoft is in talks with partners about launching an Xbox mobile store. Get the scoop. Even more for your Friday: Revenue-based financing heats up in the Middle East as Flow48 attracts $25M in funding Former SpaceX engineers build 'vegetarian rocket engine' to save the climate (TC+) Pitch Deck Teardown: Scalestack's $1M AI sales tech seed deck (TC+) What startup founders need to know about AI heading into 2024 (TC+) Bluesky rolls out automated moderation tools, plus user and moderation lists Image Credits: Gabby Jones / Bloomberg / Getty Images

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On the pods The Equity crew is kicking off the last month of 2023 with a look at the latest in startups and VC. This week, Webull nabbed Flink, Uber teamed up with London’s black cabs, and Rover dug up $2.3 billion. We also chatted through IPOs heating back up with Reddit and Shein, and why venture downturns are not death sentences. Listen here. Read More Image Credits: Bryce Durbin

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