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November 4, 2022, 4:50 AM
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| Faiz Siddiqui / Washington Post: |
Twitter begins laying off staff, sending a “Your Role at Twitter” email to their company account for those staying and personal account for those leaving — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce.
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New York Times, Bloomberg, Silicon Republic, TechCrunch, Insider, The Information, RTÉ, Forbes, Tech in Asia, Reuters, BGR India, The Register, Financial Times, CNN, New York Post, Neowin, CoinGape, Silicon Valley Business …, SlashGear, Deadline, The Hollywood Reporter, The Guardian, Wall Street Journal, Digital Trends, Mashable, Engadget, and Newser
Tweets: @willoremus, @ruchowdh, @sheonhan, @oneunderscore__, @sbkcrn, @elibelly, @joandeitchman, @caseynewton, @maxkennerly, @carnage4life, @scottnover, @oneunderscore__, @caseynewton, @joannag, @ruchowdh, @mattblaze, @jsrailton, @jon_christian, @ianbetteridge, @joandeitchman, @ruchowdh, @scottnover, @rmac18, @matt, @jowens510, @yashagarwalm, @oneunderscore__, @wbm312, @hunterwalk, @ericajoy, @ackocher, @fmanjoo, @karaswisher, @caseynewton, @harryh, @bborrman, @lizzadwoskin, @billmckibben, @carnage4life, @goldman, @danprimack, @pandemona, @faizsays, @caseynewton, @caseynewton, and @carnage4life
| Josh Eidelson / Bloomberg: |
Twitter workers file a class-action lawsuit against the company in San Francisco for mounting mass layoffs without at least 60 days' notice, per the WARN Act — Twitter Inc. was sued over Elon Musk's plan to eliminate about 3,700 jobs at the social-media platform — half of its workforce …
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Insider, The Economic Times, Reuters, TechCircle, CoinGape, NBC Bay Area, and SlashGear
| Reuters: |
Sources: Elon Musk told Twitter's teams to find up to $1B in annual infrastructure cost savings, including reduced spending on cloud services and server space — Elon Musk has directed Twitter Inc's teams to find up to $1 billion in annual infrastructure cost savings, according …
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SlashGear. Tweets: @kencox, @ryanlcooper, @zero_chill_tea, @jendrawscomics, @danhigbie, @davidcelis, @searls, @valpancakes, @reinh, @peteccde, @petrillic, @mijustin, @iboudreau, @notshenetworks, @tenderlove, @mattsheffield, @lgbtqfc, @_maargentino, and @reinh
| Will Oremus / Washington Post: |
| New York Times: |
Sources: Elon Musk is weighing adding paid DMs to let users privately message “Very Important Tweeters”; docs: Twitter Blue checks won't require ID verification — The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.
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Insider, Only Third Party, Cryptopolitan, Pixel Envy, Big Technology, and MUO
Tweets: @wongmjane, @kurtwagner8, @esthercrawford, @rmac18, @ariehkovler, @clarajeffery, @mikeisaac, @radiofreetom, @racheltobac, @adambvary, @green_footballs, @drandrewthaler, @peg_perl, @moorehn, @grogsgamut, @clarajeffery, @danteatkins, @naomikritzer, @abnerpastoll, @baseballgaloot, @emmakennedy, @clarajeffery, @goldman, @dlind, @pt, @ibd_ecarson, @tomcoates, @gwillowwilson, @leahmcelrath, @modernistwitch, @parkerortolani, @nameshiv, @kenbensinger, @racheltobac, @laurenwilliams, @mattgertz, @matthewbevan, @radiofreetom, @sheeraf, @firstadopter, @rmac18, @ryanlcooper, @adamparkhomenko, @mmasnick, @dantwany, @brianmcc, @nickconfessore, @hankgreen, and @karaswisher
| Casey Newton / Platformer: |
Sources: Twitter plans to shut down newsletter platform Revue, acquired in January 2021, by the end of 2022, and has paused its four-month-old Notes product — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow …
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CryptoPotato, Cryptopolitan, SlashGear, and CoinDesk
Tweets: @mattnavarra, @niubi, @fmanjoo, @caseynewton, @hunterwalk, @martinsfp, @mcwm, @ryneismean, and @adrierising
| Wall Street Journal: |
General Mills and Audi paused Twitter ads, and sources say Pfizer and Mondelez have as well, as concern over content moderation grows — Advertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk's plans for content moderation
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Financial Times, AdExchanger, The Economic Times, Mobile Dev Memo, CNBC, Washington Post, Bloomberg, The Guardian, New York Post, and Reuters
| Annie Palmer / CNBC: |
Amazon pauses hiring for roles in its corporate workforce, after announcing in October plans to freeze hiring for corporate roles in its retail business — KEY POINTS — Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday.
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About Amazon, New York Times, Bloomberg, BGR, and Neowin
Tweets: @thedomino, @gergelyorosz, @lesliejosephs, and @conorjrogers
| Juli Clover / MacRumors: |
PayPal plans to support iPhone's Tap to Pay in its PayPal and Venmo iOS apps “soon”, add Apple Pay to its checkout options on merchant platforms, and more — The PayPal and Venmo iOS apps will soon offer Apple's Tap to Pay on iPhone functionality, allowing merchants that use PayPal … | Mark Gurman / Bloomberg: |
Sources: Apple paused hiring in October for many jobs outside of R&D, including some corporate functions and standard hardware and software engineering roles — Apple Inc. has paused hiring for many jobs outside of research and development, an escalation of an existing plan …
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iThinkDifferent, 9to5Mac, MacRumors, and The Information
| Wall Street Journal: |
Lyft plans to cut 13% of its 5,000+ employees, or nearly 700 jobs, due to “a probable recession”, after laying off 60 people, or under 2% of staff, in July 2022 — Ride-hailing company, which is cutting 13% of staff, maintained its earnings outlook
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Lyft, CNBC, Insider, CNN, Bloomberg, Los Angeles Times, PYMNTS.com, Protocol, and Neowin
Tweets: @modestproposal1, @izakaminska, @jessicalessin, @preetika_rana, and @davemcclure
| Nelson Wang / CoinDesk: |
Coinbase Q3: net revenue down 28% QoQ to $576M, net loss down 50% QoQ to $545M, subscription and services up 43% QoQ, and monthly transacting users down to 8.5M — The crypto exchange's transaction revenue fell 44% from the second quarter. — Crypto exchange Coinbase (COIN) …
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Coinbase Global, Inc., Bloomberg, The Block, CNBC, Coinpedia Fintech News, CryptoPotato, Protocol, Ethereum World News, PYMNTS.com, Digiday, Financial Times, CryptoSlate, Cointelegraph, and SiliconANGLE
Tweets: @b1ockgreg, @sbf_ftx, @sbf_ftx, @sbf_ftx, @crypto, and @fintechfrank
| Jordan Novet / CNBC: |
Atlassian reports Q1 revenue up 31% YoY to $807.4M, vs. $806.4M est., and forecasts lower than expected Q2 revenue; stock drops 20%+ after falling 54% in 2022 — - Atlassian's quarterly revenue outlook missed expectations. — The software maker said existing customers are adding users at a reduced pace.
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The Register and SiliconANGLE
| The Verge: |
AMD unveils the RX 7900 XTX for $999 and the lower powered RX 7900 XT for $899, its first GPUs built on its RDNA 3 chiplet architecture, shipping on December 13 — AMD has announced its next generation of graphics cards, the RX 7900 XTX and RX 7900 XT, which are the first cards powered by its new architecture, RDNA 3.
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Ars Technica, TechPowerUp, IGN, SlashGear, Tom's Hardware, Gizmodo, PC Gamer, TechSpot, Neowin, Forbes, AnandTech, and Wccftech
| Kyle Wiggers / TechCrunch: |
Momento, which offers a “serverless cache” optimized for cloud computing that it claims developers can add with ~5 lines of code, exits stealth with a $15M seed — After working at NASA as a rover roboticist, Khawaja Shams underwent something of a career pivot …
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Momento
| James Vincent / The Verge: |
Google unveils an AI model trained on 400+ languages with the largest “coverage seen in a speech model” and plans to support the 1,000 most spoken languages — Google has announced an ambitious new project to develop a single AI language model that supports the world's “1,000 most spoken languages.”| Richard Waters / Financial Times: |
Combined capital spending by Alphabet, Amazon, Apple, Meta, and Microsoft grew 32% in 2021, same as in 2020, to $140B, and 20% in the first nine months of 2022 — Companies are not going to let up spending despite weakening economy — Investors have grown accustomed to periodic leaps … Sponsor Posts
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