Hey, all — welcome again to Week in Assessment, the publication the place we sum up essentially the most learn TechCrunch tales from the previous week. And oof, what every 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 had been mentioned to be on the best way — and, properly, they’ve begun. After a painfully impersonal heads-up e-mail went out Thursday night, total groups are waking as much as discover their entry instantly revoked. With stories suggesting layoffs may impression as much as half the corporate, Twitter workers have reportedly taken to referring to the entire thing as “the snap” (à la Thanos). A category motion lawsuit has already been filed alleging that Twitter isn’t following the right authorized processes right here.
Layoffs in all places: In the meantime, information of tech trade layoffs continues to pour in. Lyft let go of 13% of its workforce, Stripe minimize 14%, Opendoor decreased its workforce by 18%, Chime parted methods 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 net app (the Hangouts Android/iOS apps had been shuttered final 12 months) in favor of Google Chat. In fact, given Google’s historical past with chat apps, I count on a minimum of two extra to be launched and/or shuttered by the point I end this text.
Falcon Heavy returns to house: 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 consequence of payload readiness points”) since late 2020.
Amazon expands its Music service: “The corporate mentioned it is going to now supply Prime subscribers a full music catalog with 100 million songs, as a substitute of the beforehand extra restricted collection of simply 2 million songs,” writes Sarah, “and can make a lot of the prime podcasts on its service accessible with out adverts.”
Whats up in TC podcast land this week? Right here’s a few of the highlights:
The Fairness crew chatted concerning the ever-evolving position of the enterprise capitalist, and our good friend Melia Russell from Enterprise Insider stopped by to fill us in on her current story about how “traders are rewriting the playbooks in the case of maternity depart insurance policies at their corporations.”
Amanda joined Darrell on the TC Podcast to debate Elon’s “questionable plans” to vary up how identification verification works on Twitter
The Chain Response workforce dive into the rising checklist of troubles which have developed for Bitcoin miners in the previous few months.
Not part of TechCrunch+ but? Right here’s what TC+ members had been studying most behind the paywall:
Pilot’s CEO tears down their $60 million Collection C deck: Revealed in early 2021, this one blew up for some purpose this week! Just some weeks after elevating a giant Collection C, Pilot CEO Waseem Daher sat down with Lucas Matney to interrupt down what labored about their pitch deck.
The most typical pitch deck errors: Talking of pitch decks, TC’s resident pitch knowledgeable, Haje Jan Kamps, has an inventory of the errors he’s bored with seeing in decks, having reviewed hundreds of them.