November 27, 2022

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Elon fends off Twitter, Google shuts down Hangouts and tech layoffs continue • Eureka News Now

3 min read

Hey everyone – welcome back to Week in Review, the newsletter where we round up the most read Eureka News Now stories from the past week. And uff, what a week that was.

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Mass layoffs at Twitter: It was Elon’s first full week as head of Twitter following a $44 billion acquisition. It has been said that sweeping layoffs are on the way – and, well, they have started. After a painfully impersonal heads-up email was sent Thursday night, entire teams wake up to find that their access has suddenly been revoked. Amid reports that layoffs could affect up to half the company, Twitter officials are reportedly calling the whole thing “the snapshot‘ (à la Thanos). A class action lawsuit has already been filed alleging that Twitter is not following due legal process here.

Layoffs everywhere: Meanwhile, news of layoffs in the tech industry continues to pour in. Lyft laid off 13% of its workforce, Stripe reduced 14%, Opendoor reduced its workforce by 18%, Chime cut 12% and more. Meanwhile, both Apple and Amazon have reportedly gone on hiring freezes.

Google is ending Hangouts: We knew it was coming, but this week Google put the final nail in Hangouts’ coffin, ditching the chat-centric web app (Hangouts’ Android/iOS apps shut down last year) in favor of Google Chat shut down. Of course, given Google’s history with chat apps, I expect at least two more to be launched and/or shut down by the time I finish this newsletter.

Falcon Heavy Returns to Space: This week, SpaceX launched its Falcon Heavy rocket for the first time since 2019, finally continuing a mission that had been delayed since late 2020 (“due to payload readiness issues”).

Amazon is expanding its music service: “The company said it will now offer Prime subscribers a full music catalog of 100 million songs, instead of the previously more limited selection of just 2 million songs,” writes Sarah, “and will make the most of top podcasts.” on its service are available with no ads.”

Audio Summary

What’s going on in TC podcast land this week? Here are some of the highlights:

The equity crew chatted about the ever-evolving role of the venture capitalist, and our friend Melia Russell from Business Insider stopped by to tell us her recent story of how “investors are rewriting the playbooks when it comes to maternity leave policies at companies.” Amanda joined Darrell on the TC podcast to discuss Elon’s “questionable plans” to change how identity verification works on Twitter.


Not part of Eureka News Now+ yet? Here’s what TC+ members read the most behind the paywall:

The CEO of Pilot tears down his $60M Series C deck: Released in early 2021, this deck blew up this week for some reason! Just weeks after raising a major Series C, Pilot CEO Waseem Vom sat down with Lucas Matney to break down what worked on their pitch deck.

Top Pitch Deck Mistakes: Speaking of pitch decks, TC’s Pitch Expert Haje Jan Kamps has a list of the mistakes he can’t see in decks anymore after reviewing thousands of them.

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