Elon guts Twitter, Google shutters Hangouts, and the tech layoffs proceed • TechCrunch
Hey, all — welcome again to Week in Review, the publication the place we sum up essentially the most learn TechCrunch tales from the previous week. And oof, what per week it was.
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Mass layoffs at Twitter: It was Elon’s first full week because the boss of Twitter post-$44 billion acquisition. Sweeping layoffs have been stated to be on the way in which — and, nicely, they’ve begun. After a painfully impersonal heads-up e mail went out Thursday night, entire teams are waking as much as discover their entry all of the sudden revoked. With stories suggesting layoffs may influence as much as half the corporate, Twitter staff have reportedly taken to referring to the entire thing as “the snap” (à la Thanos). A class action lawsuit has already been filed alleging that Twitter isn’t following the right authorized processes right here.
Layoffs everywhere: In the meantime, information of tech trade layoffs continues to pour in. Lyft let go of 13% of its workforce, Stripe cut 14%, Opendoor reduced its workforce by 18%, Chime parted ways with 12%, and extra. In the meantime, each Apple and Amazon have reportedly gone into hiring freezes.
Google kills Hangouts: We knew it was coming, however this week Google put the ultimate nail in Hangouts’ coffin, shutting down the chat-focused internet app (the Hangouts Android/iOS apps have been shuttered final 12 months) in favor of Google Chat. After all, given Google’s historical past with chat apps, I anticipate a minimum of two extra to be launched and/or shuttered by the point I end this text.
Falcon Heavy returns to space: This week SpaceX launched its Falcon Heavy rocket for the primary time since 2019, lastly transferring ahead on a mission that had been delayed (“as a result of payload readiness points”) since late 2020.
Amazon expands its Music service: “The corporate stated it’s going to now provide Prime subscribers a full music catalog with 100 million songs, as a substitute of the beforehand extra restricted choice of simply 2 million songs,” writes Sarah, “and can make a lot of the prime podcasts on its service out there with out advertisements.”
Whats up in TC podcast land this week? Right here’s a number of the highlights:
- The Equity crew chatted concerning the ever-evolving position of the enterprise capitalist, and our buddy Melia Russell from Enterprise Insider stopped by to fill us in on her current story about how “buyers are rewriting the playbooks relating to maternity go away insurance policies at their corporations.”
- Amanda joined Darrell on the TC Podcast to debate Elon’s “questionable plans” to alter up how id verification works on Twitter
- The Chain Reaction crew dive into the rising record of troubles which have developed for Bitcoin miners in the previous couple of months.
Not part of TechCrunch+ but? Right here’s what TC+ members have been studying most behind the paywall:
Pilot’s CEO tears down their $60 million Series C deck: Printed in early 2021, this one blew up for some motive this week! Just some weeks after elevating a giant Sequence C, Pilot CEO Waseem Daher sat down with Lucas Matney to interrupt down what labored about their pitch deck.
The most common pitch deck mistakes: Talking of pitch decks, TC’s resident pitch skilled, Haje Jan Kamps, has a listing of the errors he’s bored with seeing in decks, having reviewed 1000’s of them.