Amazon Layoffs Begin, Ticketmaster Can’t Handle Taylor Swift, Lots Quit Twitter HQ TechCrunch


Hello again! It’s time for another edition of a week in review, the newsletter where we summarize TechCrunch’s most-read stories of the week in one quick and easy blast. Get it in your inbox every Saturday morning Register here.

(There will be no newscast next Saturday because I’ll be grateful / eat the leftovers / I’ll be grateful for the leftovers, but we’ll be back to our regularly scheduled programming the following weekend.)

If you read last week’s issue, you’ll notice some echoes here: more layoffs, more FTX drama, more Elon Twitter silliness. Let’s dive in!

Greg

most read

Mass resignations on Twitter: After laying off thousands of Twitter employees over the past few weeks, Elon has offered something of an ultimatum to those who remain: Commit to being “too hard” as “part of the new Twitter” or leave with a three-month severance… well, a Many of people have taken Door #2. It’s unclear at this point (even for Twitter, it seems) how many people have dismissed the ultimatum, but All indications Were hundreds / thousands.

SBF DMs: For some reason the founder of FTX – the massive cryptocurrency exchange that collapsed last week – decided to do an impromptu interview with a Vox reporter by DM. Seemingly without any agreement that any of them were off-post, the DMs said, of course, that they were posted quickly. His biggest regret in all of this? Weirdly, filing for bankruptcy.

Evernote is purchasedEvernote: Evernote was once something of a beloved App Store—an early example of design, quality, and company leadership. Then after a series of pricing/privacy/design changes that screwed up the user base, it kind of fizzled out. This week, the company was acquired by Italian app developer Bending Spoons, in what Kyle Wiggers calls “the end of an era.”

Amazon hairstylesRumors indicated that layoffs were on the way for Amazon, with some estimates suggesting that more than 10,000 employees will be let go. The layoffs began this week, with CEO Andy Jassy writing in a note that the layoffs will continue into the next year.

Ticketmaster facial plantsTickets for Taylor Swift’s first tour in years went on pre-sale this week, and Ticketmaster, the site no one on earth would be happy to use, couldn’t keep up with the Swifties. Things went so awry with the gated pre-sale that the scheduled general sale was canceled outright. You know your site’s outages are bad when they are He dilutes the political fire To dismantle the overwhelming dominance of your company.

audio report

Podcasts! We have them! People seem to love them! Or a lot of people download/subscribe just to inflate our collective ego. That’s okay too. Here’s what’s been happening on TC’s podcasts lately:

  • Straight from our TechCrunch sessions: Crypto took place during one of the wildest cryptocurrency weeks in ages, and Chain Reaction Staff “Rip the script” and talk all about Sam Bankman-Fried’s “surreal and absurd” DM conversation with Vox.
  • What does the corporate communications team do? The stock team I sat down with a couple of deeply experienced people to find out how all those behind-the-scenes machines work.

Techcrunch +

Two countries received 80% of the venture money raised“During the third quarter of 2022, US venture capital firms raised $150.9 billion across 593 funds,” writes Rebecca Zkotak. Where did it all go? Rebecca crashes the stats.

A look at Sateliot’s Series A platform.: 90% of the planet has no cell contact. What if you need an IoT device to phone home from the middle of the ocean for example? That’s the idea behind Sateliot, which raised $11.4 million Series A earlier this year. The company shared the presentation it used to upload with our resident presentation expert Haji-Jan Camps, who explored “the good and the bad in this high-flying surface of space.”





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