Welcome back to Week in Review! Elon Musk says that xAI bought X in an all-stock deal; a16z-backed 11x faked some customers; the Lumon Terminal Pro pops up on Apple’s website; and much more. Let’s dig in! xAI buys X: X owner Elon Musk announced on X on Friday that xAI acquired X in an […]
Week in Review: Elon Musk’s xAI buys X Read More »
The U.S. government’s cybersecurity agency is scrambling to contact more than 130 former employees after a federal court ruled that the Trump administration must reinstate workers it “unlawfully” fired. U.S. District Judge James Bredar last week ordered the Trump administration to reinstate employees laid off across a number of U.S. government agencies, including the Department
CISA scrambles to contact fired employees after court rules layoffs ‘unlawful’ Read More »
The fintech segment, which saw massive growth during the pandemic and immediately after, had a fairly rough 2024, ending with the abrupt shutdown — and then unexpected acquisition — of accounting startup Bench. Though the rapid pace of funding has slowed, some fintechs are continuing to see growth and expand their teams. In an effort
These fintech companies are hiring in 2025 after a turbulent year Read More »
The tech layoff wave is still kicking in 2025. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs.fyi. So far this year, more than 22,000 workers have been the victim of reductions across the tech industry, with a staggering 16,084 cuts taking place in February alone. We’re
A comprehensive list of 2025 tech layoffs Read More »
Elon Musk’s Department of Government Efficiency (DOGE) has fired more than a hundred employees working for the U.S. government’s cybersecurity agency CISA, including “red team” staffers, two people affected by the layoffs told TechCrunch. The people, who asked not to be named, said affected employees were axed immediately when their network access was revoked with
DOGE axes CISA ‘red team’ staffers amid ongoing federal cuts Read More »
The Trump Administration has fired a number of National Science Foundation employees who had been handpicked for their expertise in AI, threatening the agency’s ability to sustain key AI research, Bloomberg reported. One of the affected departments inside NSF, called the Directorate for Technology, Innovation, and Partnerships, was instrumental in funneling government grants focused on
Trump Administration cuts may threaten AI research efforts Read More »
Commercetools — a “headless commerce” platform that provides APIs to companies building online storefronts — saw a major boost in its business just a few years ago, raising money at a whopping $1.9 billion valuation as the world went shopping online in the wake of the COVID-19 pandemic, and businesses rushed to improve their e-commerce
Commercetools, a pioneer in ‘headless commerce’, lays off dozens of staff Read More »
The tech layoff wave continued through 2024. Following significant workforce reductions in 2022 and 2023, 2024 saw more than 150,000 job cuts across 542 companies, according to independent layoffs tracker Layoffs.fyi. Large companies like Tesla, Amazon, Google, TikTok, Snap, and Microsoft conducted sizable layoffs in 2024, while smaller-sized startups also experienced cuts, and in some
A comprehensive list of 2024 and 2025 tech layoffs Read More »
U.K.-headquartered cybersecurity firm Sophos is laying off 6% of its workforce, the company confirmed to TechCrunch on Thursday. The layoffs, first reported by The Register, come less than two weeks after Sophos completed its $859 million acquisition of U.S. cybersecurity company Secureworks. In an emailed statement to TechCrunch, Sophos spokesperson Sara Eberle said the layoffs
Sophos lays off 6% of workforce following Secureworks acquisition Read More »
Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is shutting down its U.S. operations one year after cutting 30% of its North American workforce as part of a restructuring. Its HyreCar business, which it acquired in 2023 for $9.45 million, is also closing. The company said
Getaround abruptly shuts down US car-sharing operations Read More »
