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November 4, 2022, 4:15 AM
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| Faiz Siddiqui / Washington Post: |
Twitter emailed staff to say layoffs begin on Friday with a “Your Role at Twitter” email to their company account if they're employed and their personal if not — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce.
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New York Times, The Economic Times, The Information, Forbes, The Register, Financial Times, Tech in Asia, BGR India, Reuters, Livemint, CNN, Newser, New York Post, Neowin, CoinGape, Silicon Valley Business …, SlashGear, Deadline, The Hollywood Reporter, The Guardian, Digital Trends, Mashable, and Engadget
Tweets: @willoremus, @ruchowdh, @oneunderscore__, @sbkcrn, @caseynewton, @maxkennerly, @carnage4life, @scottnover, @oneunderscore__, @caseynewton, @scottnover, @rmac18, @matt, @jowens510, @yashagarwalm, @karaswisher, @oneunderscore__, @pandemona, @goldman, @wbm312, @hunterwalk, @ericajoy, @ackocher, @fmanjoo, @caseynewton, @harryh, @bborrman, @lizzadwoskin, @billmckibben, @carnage4life, @danprimack, @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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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: |
Sources: Twitter staff have yet to receive a single official message since Elon Musk took over, relying instead on his tweets, media reports, and private chats — Workers follow new boss's tweets and share rumors on anonymous apps amid silence from leadership on firings, staff cuts and product changes.
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Bloomberg, Ars Technica, TWC Newsletter, Insider, Attack of the 50 Foot …, The Pragmatic Engineer, BBC, Digiday, Fortune, SlashGear, Reuters, and Tech.co
| 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, Cryptopolitan, Pixel Envy, MUO, and Big Technology
Tweets: @wongmjane, @kurtwagner8, @esthercrawford, @rmac18, @ariehkovler, @mikeisaac, @clarajeffery, @goldman, @dlind, @pt, @ibd_ecarson, @tomcoates, @gwillowwilson, @leahmcelrath, @modernistwitch, @parkerortolani, @nameshiv, @kenbensinger, @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
Tweets: @patrickcoffee, @jason_kint, @lopezlinette, @techwontsaveus, @dalitdiva, @danprimack, @rfsquared, @fpwellman, @gregbensinger, and @gerritd
| 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.
More:
About Amazon, New York Times, BGR, Neowin, TechCrunch, and Engadget
Tweets: @thedomino, @gergelyorosz, @lesliejosephs, and @conorjrogers
| 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 …
More:
Momento and SiliconANGLE
| 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, Los Angeles Times, Bloomberg, PYMNTS.com, Protocol, San Francisco Business Journal, 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) … | 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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The Mac Observer
| 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, Digital Trends, Club386, Wccftech, Dexerto, IGN, PC Gamer, SlashGear, Appuals.com, Tom's Hardware, Gizmodo, TechSpot, TechRadar, Neowin, AnandTech, PCWorld, Forbes, and Engadget
| 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 …
More:
9to5Mac, iMore, The Verge, AppleInsider, The Apple Post, and Bloomberg. Tweets: @chancehmiller
| Jennifer Surane / Bloomberg: |
Memo: Stripe plans to lay off 14% of its staff this week, reducing its headcount by 1,000+ to almost 7,000, to trim expenses in preparation for “leaner times” — Stripe Inc., one of the world's most valuable startups, will cut more than 1,000 jobs as it seeks to rein in costs ahead of any economic downturn.
More:
CNBC, Stripe, Forbes, TechCrunch, Cointelegraph, International Business Times, The Information, Crowdfund Insider, and Tech in Asia
Tweets: @mikeisaac, @gergelyorosz, @kateclarktweets, @markdistef, @kr00ney, @emollick, @work_matters, @librariancap, @yashar, @carnage4life, @cee_pain, @levie, @alexrkonrad, @nmasc_, @mdudas, @buccocapital, @kvlly, @ricburton, @sue_bohn, @copyconstruct, @irreverentmike, @adrianweckler, @makispoke, @eladgil, @izakaminska, @cavandy, @film_girl, @stop, @shaneoleary1, @paulcolgan, @ow, @mikeisaac, @humanworkplace, @om, @carlquintanilla, @mcwm, @liron, @chastaylor, @suzanbond, @brandur, @gergelyorosz, @madhavchanchani, @carnage4life, @micsolana, @sts_news, @tylerdinucci, @margaretomara, @semil, @decryptlyfe, @bdsams, @gergelyorosz, @markdistef, @kateclarktweets, @makispoke, @kateclarktweets, and @asolove
| 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.”| Kif Leswing / CNBC: |
Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38% YoY to $1.57B, vs. $1.53B est., and Cash App gross profit up 51% YoY; stock up 12%+ — - Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.
More:
CoinDesk, Benzinga, Bloomberg, Block, Inc., The Information, Seeking Alpha, SiliconANGLE, Protocol, Crowdfund Insider, MarketWatch, and Reuters
| Sharon Goldman / VentureBeat: |
OpenAI releases a DALL-E API in public beta, letting developers integrate DALL-E into their apps and products; the API is priced per image output, based on size — Get ready, developers: Today, OpenAI released the hotly anticipated DALL-E API in public beta, which means developers … | 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 … | Sarah Perez / TechCrunch: |
Mastodon says 230,000 people joined its open-source decentralized social network in the past week and the service has hit a record 655,000 active users — Open-source, decentralized social network Mastodon has been benefiting from the chaotic Twitter takeover by Elon Musk.
More:
Financial Times, The Economic Times, Gizmodo, and Data protection …
Tweets: @joinmastodon and @baekdal
| Jennifer Pattison Tuohy / The Verge: |
Amazon plans to roll out the Matter over Wi-Fi standard to 17 Echo devices in December, starting with Android phones, covering smart plugs, bulbs, and switches — Amazon will start its Matter journey slowly, bringing support for the new smart home standard to 17 Echo devices in December.
More:
alexa-blog, Connectivity Standards …, AppleInsider, Redmond Pie, NextPit, Sammy Fans, Gizmodo, and TechCrunch
Tweets: @alexadevs, @jp2e, @stshank, @caro_milanesi, and @smartthingsbeat
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