October 18, 2022, 9:25 AM

Top News

Ina Fried / Axios:
Microsoft announced layoffs across multiple divisions on October 17; source: less than 1,000 jobs were cut across various levels, teams, and parts of the world  —  Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed.  —  Why it matters: The move …
Natasha Lomas / TechCrunch:
Meta confirms it will divest itself of Giphy globally after UK's CMA gives a final order to sell the company, following a court-ordered reassessment in July  —  Bye-bye: Meta has again been ordered by the UK's competition watchdog to sell animated GIF platform, Giphy.  And this time it's final.
Janko Roettgers / Protocol:
Netflix rolls out a feature globally to let users transfer all their personalized viewing data to a new account, ahead of a crackdown on account sharing in 2023  —  Netflix is making it easier for people to disentangle their personal viewing data: The streaming service is rolling …
Interviews with journalists at The Wire, sources at Meta, and knowledgeable outside observers describe the messy fight between Meta and The Wire  —  The journalists behind a controversial series of stories tell us they haven't been hoaxed.  We're not so sure
Avery Menegus / Engadget:
Internal doc: Amazon has a high attrition rate across all levels, costing $8B annually, and workers choose to leave twice as often as layoffs and firings occur  —  Amazon churns through workers at an astonishing rate, well above industry averages.  According to a tranche of documents marked …
Noah Smith / Noahpinion:
Analysis: why the Biden administration's sweeping export controls on China's chip sector happened now and how they could usher in a new global economic paradigm  —  Now it's on.  —  “You come at the king, you best not miss.” — Omar Little  —  In a post back in August …
Nikkei Asia:
The Information:
Sources: worried about a threat from Apple, Google doubles down on its own hardware and moves some staff from other teams to work on Google-branded devices  —  It may be Google's worst nightmare.  Apple's iPhone is stealing share from Samsung phones powered by Google's Android software.
Yun Li / CNBC:
Salesforce stock is up 6%+ pre-market after activist investor Starboard reveals a “significant” stake; shares of Salesforce have fallen more than 40% in 2022  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John's International Inc.
More: Reuters
Kyle Wiggers / TechCrunch:
Enable, which lets B2B companies manage their rebate programs, raised a $94M Series C led by Insight Partners, bringing its total funding to $156M  —  Enable, a startup selling access to a platform that helps business-to-business (B2B) companies manage their rebate programs …

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