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January 21, 2023, 5:50 PM
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| Lucas Shaw / Bloomberg: |
Q&A with Netflix co-CEOs Greg Peters and Ted Sarandos about shared leadership, what role Reed Hastings may play, adding FAST channels, the ad tier, and more — So that's what an orderly transfer of power looks like. — While Disney chief Bob Iger ousted every potential threat … | Aaron Tilley / Wall Street Journal: |
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
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CNBC, The Verge, Philip Elmer‑DeWitt, AppleInsider, GeekWire, Insider, Wccftech, Philip Elmer‑DeWitt, TechCrunch, Gizchina, Watcher Guru, TidBITS, MacDailyNews, TheStreet, Cynical Career, Observer, GSMArena.com, TechSpot, and Android Police
Mastodon: @Aaron@social.aaroncrocco.com. Tweets: @carnage4life, @jimpethokoukis, @carnage4life, @chadmoutray, @charlesarthur, @hshaban, @pt, @deepakvenkatesh, and @mckinneykelsey
| Dietrich Knauth / Reuters: |
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 …
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Tweets: @billym2k, @notsuitman, @jeffnolan, and @firstadopter
| Julia Love / Bloomberg: |
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.
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9to5Google, Engadget, TechCrunch, and Livemint
| New York Times: |
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.
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| Bloomberg: |
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Tweets: @readdanwrite, @gergelyorosz, @amberkanwar, @carnage4life, @benbajarin, @google_comms, @theinformation, @gergelyorosz, @alphabetworkers, @robgiampietro, @carnage4life, @readdanwrite, @krystalball, @yuhline, @richardjnieva, @daveyalba, @mikegcoleman, @carnage4life, @carnage4life, @kvanaren, @barstoolnate, @mediumsizemeech, @jezcorden, @theferocity, @martinsfp, @jenn_elias, @smydrad, @dcwaladesi, @saxena_puru, @feefyou, @aparanjape, @thee_chadd, @chrisstigall, @mattyglesias, @nixcraft, @ulonnaya, @thetranscript_, @iatalkspace, @rustybrick, @srussolillo, @schuldensuehner, @katebevan, @lhm1, and @mrmbrown
| Eric Wallerstein / Wall Street Journal: |
Filings: Signature Bank borrowed $10B in Q4 from Federal Home Loan Banks, the system originally designed to support mortgage lending; Silvergate borrowed $3.6B — Signature and Silvergate turn to government-chartered lenders after customer withdrawals surge| Lora Kolodny / CNBC: |
Internal records: Twitter now has ~1,300 active employees, including fewer than 550 full-time engineers, and ~1,400 non-working staff who are still being paid — - 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.
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| Annie Palmer / CNBC: |
A look at Amazon's fledgling drone delivery unit, which has struggled due to safety concerns and now faces layoffs and other cost-cutting measures — - As part of Amazon's widespread layoffs, some employees in the nascent drone delivery project are losing their jobs, according to people familiar with the matter.
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Wired, Engadget, and WRAL TechWire
| Can Duruk / Margins: |
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.
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Philip Elmer‑DeWitt, VentureBeat, Livemint, BGR India, seobook.com, Search Engine Roundtable, and New York Times
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| Jason Del Rey / Vox: |
Current and ex-Amazon managers and executives say the focus on managing costs should've come sooner, ideas aren't being evaluated with the same rigor, and more — After the largest corporate layoffs in its history, the tech giant is at a crossroads. — For years, it seemed as though nothing … | Paresh Dave / Wired: |
Google, Microsoft, and other tech companies have offered a muted response to unrest in Iran, prompting staff side projects to fight internet censorship and more — Companies like Google have offered a muted response to unrest in Iran. Grassroots coders are tackling internet censorship on their own.
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PC Gamer
| Kevin Simauchi / Bloomberg: |
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 — Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.
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Kroll Restructuring Administration, The Block, CNBC, Cryptopolitan, Coinpedia Fintech News, The Block, CoinDesk, Genesis, CryptoSlate, BTC Times, Crypto Adventure, CryptoPotato, Bloomberg, CoinDesk, Cointelegraph, Neowin, Crypto Briefing, Bitcoin Magazine, Associated Press, SiliconANGLE, Gizmodo, CoinDesk, The Guardian, Ethereum World News, Bitcoinist.com, Crowdfund Insider, CoinJournal, Forbes, BBC, Web3 is Going Just Great, Tech in Asia, Wall Street Journal, CoinGape, Financial Times, The Verge, The Block, Watcher Guru, The Block, crypto.news, MarketWatch, Decrypt, Reuters, and TechCrunch
Tweets: @cameron, @benbybit, @cameron, @hsakatrades, @alphaketchum, @peckshieldalert, @wublockchain, @mikealfred, @hsakatrades, @sonalibasak, @adamscochran, @ap_abacus, @dogetoshi, @simondixontwitt, @doveywan, @hodlkryptonite, @muncheds3, @joeconsorti, @ashcryptoreal, @tsm_leffen, @gainzy222, @crypto_mckenna, @mikealfred, @nansen_ai, @kamikaz_eth, @simondixontwitt, @nansen_ai, @chrisblec, @unusual_whales, @basedkarbon, @coindesk, @cameron, @fredwalton216, @gergelyorosz, @watcherguru, @jjauthor, @anoniemxbt, @evan_van_ness, @dylanleclair_, @autismcapital, @doveywan, @adamscochran, @wublockchain, and @emilyjnicolle
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