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January 21, 2023, 6:35 PM
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| Aaron Tilley / Wall Street Journal: |
Apple's lean hiring may help the company 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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| Julia Love / Bloomberg: |
Google lays off most of its Area 120 incubator team and plans to graduate three projects in 2023; sources: Google cut virtually all staff not on the projects — 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, and TechCrunch
| New York Times: |
Emails and sources: Google fired 16% of its ~400-person Fuchsia OS team, Research cut jobs in lower 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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| Dietrich Knauth / Reuters: |
US prosecutors provide a list of nearly $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 …
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| Eric Wallerstein / Wall Street Journal: |
Filings: Signature Bank borrowed nearly $10B in Q4 from Federal Home Loan Banks, a system originally designed for mortgage lending; Silvergate borrowed $3.6B+ — Signature and Silvergate turn to government-chartered lenders after customer withdrawals surge| 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 … | Annie Palmer / CNBC: |
A look at Amazon's nascent drone delivery unit, which has struggled due to crashes and other safety issues 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: |
ChatGPT is a threat to Google mainly because the latter's monopoly position let the search experience 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, Futurism, 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 … | 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, Amy Castor, CNBC, Cryptopolitan, Coinpedia Fintech News, The Block, CryptoSlate, CoinDesk, Genesis, BTC Times, Crypto Adventure, CryptoPotato, CoinDesk, Bloomberg, Cointelegraph, Neowin, Crypto Briefing, Bitcoin Magazine, Associated Press, SiliconANGLE, Gizmodo, CoinDesk, Ethereum World News, The Guardian, Crowdfund Insider, CoinJournal, Bitcoinist.com, Forbes, Web3 is Going Just Great, BBC, Tech in Asia, CoinGape, The Verge, The Block, Wall Street Journal, Financial Times, Watcher Guru, The Block, crypto.news, MarketWatch, and Decrypt
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| 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
| Bloomberg: |
AWS will spend $35B on new data centers in Virginia by 2040, creating ~1,000 jobs, in exchange for tax breaks and potentially up to $140M in performance grants — Amazon.com Inc.'s cloud unit will spend $35 billion on new data centers in Virginia by 2040, underscoring its determination …
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Associated Press, Reuters, SiliconANGLE, iTnews, Washington Post, The Information, and DCD. Tweets: @technology
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