Chinese tech giants Tencent and ByteDance are implementing a new round of layoffs that affect thousands of employees, The Wall Street Journal reported. Tencent’s job cuts are hitting its core businesses such as videogames and the WeChat social messaging app. ByteDance, which owns TikTok and its Chinese equivalent Douyin, is laying off staff in its videogame and education businesses, according...
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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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