Hey, all — welcome again to Week in Evaluation, the publication the place we sum up essentially the most learn TechCrunch tales from the previous week. And oof, what every week it was.
Need this text in your inbox each Saturday? Join right here. Signed up? Let’s simply dive proper in.
Mass layoffs at Twitter: It was Elon’s first full week because the boss of Twitter post-$44 billion acquisition. Sweeping layoffs had been stated to be on the best way — and, properly, they’ve begun. After a painfully impersonal heads-up e-mail went out Thursday night, complete groups are waking as much as discover their entry immediately revoked. With studies suggesting layoffs might affect as much as half the corporate, Twitter staff have reportedly taken to referring to the entire thing as “the snap” (à la Thanos). A category motion lawsuit has already been filed alleging that Twitter isn’t following the right authorized processes right here.
Layoffs all over the place: In the meantime, information of tech business layoffs continues to pour in. Lyft let go of 13% of its workforce, Stripe lower 14%, Opendoor decreased its workforce by 18%, Chime parted methods with 12%, and extra. In the meantime, each Apple and Amazon have reportedly gone into hiring freezes.
Google kills Hangouts: We knew it was coming, however this week Google put the ultimate nail in Hangouts’ coffin, shutting down the chat-focused internet app (the Hangouts Android/iOS apps had been shuttered final 12 months) in favor of Google Chat. In fact, given Google’s historical past with chat apps, I count on at the very least two extra to be launched and/or shuttered by the point I end this text.
Falcon Heavy returns to area: This week SpaceX launched its Falcon Heavy rocket for the primary time since 2019, lastly shifting ahead on a mission that had been delayed (“on account of payload readiness points”) since late 2020.
Amazon expands its Music service: “The corporate stated it is going to now provide Prime subscribers a full music catalog with 100 million songs, as a substitute of the beforehand extra restricted collection of simply 2 million songs,” writes Sarah, “and can make many of the high podcasts on its service accessible with out advertisements.”
Whats up in TC podcast land this week? Right here’s a number of the highlights:
- The Fairness crew chatted concerning the ever-evolving function of the enterprise capitalist, and our good friend Melia Russell from Enterprise Insider stopped by to fill us in on her current story about how “buyers are rewriting the playbooks in the case of maternity go away insurance policies at their companies.”
- Amanda joined Darrell on the TC Podcast to debate Elon’s “questionable plans” to alter up how identification verification works on Twitter
- The Chain Response crew dive into the rising listing of troubles which have developed for Bitcoin miners in the previous couple of months.
Not part of TechCrunch+ but? Right here’s what TC+ members had been studying most behind the paywall:
Pilot’s CEO tears down their $60 million Collection C deck: Revealed in early 2021, this one blew up for some purpose this week! Only a few weeks after elevating a giant Collection C, Pilot CEO Waseem Daher sat down with Lucas Matney to interrupt down what labored about their pitch deck.
The most typical pitch deck errors: Talking of pitch decks, TC’s resident pitch skilled, Haje Jan Kamps, has a listing of the errors he’s uninterested in seeing in decks, having reviewed 1000’s of them.