Emails and sources: Google fired 16% of its ~400-person Fuchsia OS team, Research cut jobs in low traction areas, and Cloud cut operational and other roles
The layoffs amount to about 6 percent of the global work force at the company, the latest tech giant to make cuts after a pandemic hiring spree.
Alphabet plans to cut ~12,000 jobs, 6%+ of its global workforce; CEO Sundar Pichai says he takes “full responsibility for the decisions that led us here”
read the memo CEO Sundar Pichai sent to staff Mary Yang / NPR : Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January BBC : Google parent Alphabet to cut 12,000 jobs Abner L...
US prosecutors provide a list of ~$700M worth of Sam Bankman-Fried's seized assets, including ~$525M in Robinhood stock and $94.5M cash at Silvergate Bank
Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock …
According to six employees and an internal doc, TikTok and ByteDance staff engage in “heating”, or inflating video view counts, to court influencers and brands
TikTok and ByteDance employees regularly engage in “heating,” a manual push that ensures specific videos …
The US SEC charges Avraham Eisenberg with manipulating Mango Markets' governance token MNGO to steal $116M of crypto assets and says MNGO was sold as a security
- The SEC brought charges against Avraham Eisenberg on Friday after the U.S. securities regulator said Eisenberg stole $116 million from Mango Markets.
How Apple's lean hiring may help it avoid layoffs; Apple's workforce grew 20% from 2019 to 2022, Amazon's grew 100%, Meta 94%, Alphabet 57%, Microsoft 53%
The iPhone maker's workforce grew 20% in the past three years, a far slower pace than rivals — Tech Layoffs Pile Up as Bosses Reverse Course
The main reason ChatGPT is a threat to Google is because the latter's monopoly position allowed search to degenerate into a spam-ridden, SEO-fueled hellscape
I hate monopolies and welcome our AI overlords … I don't really cook often, but I do love making pasta aglio e olio.
Crypto lender Genesis Global files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities as between $1B and $10B
the parent company of Genesis - continue to refuse to offer creditors a fair deal. Fred Walton / @fredwalton216 : 1) Crypto thread on January 19. DCG allegedly has received offers for CoinDesk exceedi...
Internal records: Twitter now has around 1,300 active employees, including fewer than 550 full-time engineers, and about 1,400 non-working employees
- Internal records show that Twitter has shed about 80% of its employees since Elon Musk took over and headcount is hovering around 1,300 employees today.
SEC filing: T-Mobile says a hacker stole the data of ~37M customers, including names, addresses, and phone numbers, but not passwords, SSNs, or credit cards
here's what to do if you're ever worried that your data was leaked Chris Velazco / Washington Post : Here's what to do if you think you're affected by T-Mobile's latest data breach Lorenzo Franceschi-...
AWS will spend $35B on new data centers in Virginia by 2040, creating ~1,000 jobs, in exchange for tax breaks and potential performance grants of up to $140M
Amazon.com Inc.'s cloud unit will spend $35 billion on new data centers in Virginia by 2040, underscoring its determination …
Meta, Twitter, Microsoft, Yelp, Reddit, the EFF, and more file amicus briefs backing Google in Gonzalez v. Google, asking SCOTUS to keep Section 230 protections
Brian Fung / CNN :
Google cuts most of the Area 120 team and will graduate three of the incubator's projects in 2023; sources: staff not involved in those projects were laid off
Alphabet Inc.'s Google has cut most of the jobs at Area 120, its in-house incubator for new projects, as part of a broad wave of layoffs across the company.
Twitter quietly updates its developer agreement with a clause banning third-party clients, after claiming the company was “enforcing long-standing API rules”
This Twitter Developer Agreement ("Agreement") is made between you … Sean Heber / The Breakroom : Twitterrific: End of an Era Timi Cantisano / XDA Developers : Twitter's next update will no longer for...
VR edtech company Dreamscape Learn, developed through a two-year partnership between Arizona State University and Dreamscape Immersive, raised a $20M Series A
An immersive learning educational technology company developed in collaboration with Arizona State University has raised $20 million …
Bankruptcy filing: Genesis Global owes more than $3.6B to its top 50 creditors, including $766M to the Winklevoss' Gemini Trust Company and $151M to Mirana
A survey of 2,300+ game developers: 45% say the metaverse won't deliver on its promise, 53% back unionization, 91% say player harassment is an issue, and more
Dean Takahashi / VentureBeat :
Waterloo-based Magnet Forensics, which develops digital investigation software, agrees to be acquired by Thoma Bravo for CA$1.8B
Josh Scott / BetaKit :
India releases rules on social media influencers and virtual avatars promoting products without disclosing payment, adding an up to ~$12.3K fine for violations
Jagmeet Singh / TechCrunch :
In a staff call, CNET and Red Ventures executives said they were pausing AI-generated content on CNET and other websites and detailed their proprietary AI tool
Mia Sato / The Verge :
Tech companies like Google and Microsoft have offered a muted response to unrest in Iran, prompting side projects by employees to fight censorship and more
Companies like Google have offered a muted response to unrest in Iran. Grassroots coders are tackling internet censorship on their own.
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos
Current and ex-Amazon managers and execs say focus on managing costs should have come sooner, ideas aren't evaluated with the same rigor as before, and more
After the largest corporate layoffs in its history, the tech giant is at a crossroads. — For years, it seemed as though nothing … Tweets: @sivavaid , @delrey , and @tomkeene Tweets: Siva Vaidhyanath...
China's second-largest chip foundry Hua Hong signs a $6.7B wafer fab deal to produce 65nm, 55nm, 40nm, and other chips, as China pivots away from sub-14nm tech
China's second-largest chip foundry Hua Hong Semiconductor Group, a state-backed semiconductor investment fund and a Wuxi entity signed …
How Dutch privacy negotiators, empowered by GDPR, have spurred major changes at Google, Microsoft, Zoom, and others, as the Netherlands punches above its weight
Natasha Singer / New York Times : Tweets: @avilarenata , @coolshannes , @juliesbrill , and @jason_kint Tweets: Renata Avila / @avilarenata : Europe could/must build its own sovereign, decentralised, ...
Sources: Google is directing advertisers to work with third-party resellers directly to reduce its ad services overhead and position itself as a SaaS outfit
Ronan Shields / Digiday : Tweets: @rustybrick See also Mediagazer Tweets: Barry Schwartz / @rustybrick : Hey Google Ads #ppcchat - what ya think of this? https://twitter.com/... See also Mediagazer
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