Hi friends! Welcome back A week in review, the newsletter where we quickly summarize the most-read stories from TechCrunch from the past seven days. Target? Even if you have a busy week, a quick wipe of WiR should keep you in the (technical) loop.
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This week was a little bit all over the place, with another big story breaking every two hours. Let’s just fall down, shall we?
- Deductions in the area 120: Area 120 is Google’s internal incubator, intended to allow Google employees with potentially big ideas to tap into the company’s massive resources to turn said ideas into something real. However, this week Google confirmed that it has cut half of the 120 area projects currently in development, “shifting its focus” to AI projects. Affected employees are given until early 2023 to find a new job within Google.
- Adobe buys Figma: In one of the biggest tech acquisitions ever, Adobe this week announced its intention to buy the collaborative/web-based design tool Figma for $20 billion. saw figma silly Growth throughout the pandemic, as many tech teams have moved remotely and adjusted their workflows accordingly. Even for a large company like Adobe, restoring this part of the workflow will be difficult.
- layoffs in Twilio: Twilio confirmed this week that it will lay off roughly 11% of its workforce — somewhere between 800 and 900 people — as the company focuses on achieving profitability in 2023.
- Running iOS 16: as such is expectediOS 16 rolled out to Apple devices this week. Want our thoughts on it? Find Romain’s review here. Want to know all the new, inconspicuous features hiding inside the update? Check Evan’s List. Most of our readers seem to be looking for interesting ways Use these new lock screen widgets.
- South Korea issues arrest warrant for founder of Terraform Labs“A court in South Korea has issued an arrest warrant for Do Kwon, founder of Terraform Labs,” Manish wrote, escalating its investigation into the cryptocurrency ecosystem that lost two tokens worth $40 billion one day earlier this year. “
- uber hackLate Thursday night, Uber confirmed it was “responding to a cybersecurity incident” after a hacker apparently breached the company’s intranet, with the hacker announcing his presence (and protesting how Uber pays its drivers) right inside the Uber Slack app.
If you like TechCrunch for your eyes, check out TechCrunch for your ears. This week in TechCrunch’s podcast land, the financial value The team talked about how Y Combinator has evolved in recent years, chain reaction The crew “digs into the institutional embrace of blockchain by huge financial powers,” and is found The team achieved its “greatest success” by reviewing an interview with Figma founder Dylan Field earlier this year.
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