EBay Cuts 9% of Staff as E-Commerce Layoffs Mount
Other sites like Wayfair and Etsy have also cut jobs recently.
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Recent Editions
Tesla Reports Modest Revenue Growth Amid Shrinking Margins
Tesla reported its Q4 2023 earnings on Wednesday.
G/O Media Reportedly Looks to Sell The Onion, Other Websites
G/O Media, which owns websites including The Onion, Deadspin and Gizmodo, is looking to sell off the titles amid an industry-wide downturn for digital media.
Klarna Launches Subscription Service
Users can pay $7.99 per month to skip fees on some purchases and get extra discounts.
Amazon Stops Letting Law Enforcement Request Ring Footage
More than 2,600 police departments and nearly 600 fire departments had Ring partnerships as of 2023.
Everlane CEO Departs
Andrea O’Donnell joined the company two years ago after helping to revitalize Ugg’s brand.
Apple Pivots to Electric Car After Self-Driving Efforts Stall
Apple's pivot comes nearly 10 years after it began its electric and self-driving car efforts and has come full circle with its original ambitions in 2014.
Figma Employee Equity Deal Cuts Valuation to $10 Billion
The startup is offering its staff equity packages that make up for some of the slashed valuation resulting from the abandoned Adobe sale.
Google Launches Generative AI Tool For Search Ad Buyers
The chatbot helps advertisers automatically generate text and images for ads in Google search results.
SAP Says It Will Cut 8,000 Jobs in 2024 Amid Broad Restructuring
SAP on Tuesday reported modest 6% revenue growth in the quarter ending in December.
Techstars Lays Off 7% as Venture Industry Contracts
The layoffs follow other cuts at accelerators.
Netflix Adds 13.1 Million Subscribers in Q4
Netflix said it had its best fourth-quarter ever, with subscribers growing 12.8% and revenue up 12.5%.
Netflix Grabs WWE’s Raw From NBCUniversal
The Raw agreement shows how Netflix is taking advantage of its deeper resources.
Tencent-backed Riot Games Lays Off 11% of Staff Amid Industry Slowdown
The layoffs add to the thousands of game developers who have already lost their jobs due to showing demand for games from pandemic highs.
Alphabet ‘X’ Moonshot Unit Cuts Dozens of Staff, Courts Outside Funding
It’s the latest part of Alphabet to embark on cost-cutting measures this month.
Top Verizon Content Executive to Depart Company
Erin McPherson led Verizon's streaming deals for Disney+ and the Netflix and Max bundle. Verizon is bringing those functions into its wireless/consumer group.
Foundry Ventures Says It Won’t Raise a New Fund
The early-stage firm has backed tech and software companies for nearly two decades.
Nvidia CEO Jensen Huang Makes First Tour to China in Four Years
Huang visited staff and didn’t meet with government officials
Some Apple Vision Pro Deliveries Pushed to April, Demand Still Unclear
Some consumers see preorder shipments delayed to April, though demand remains unclear as supplies are tight because of manufacturing bottlenecks.
Microsoft Says Russian Hackers Breached Senior Execs’ Emails
The hack is the latest security black eye for Microsoft, the world’s largest security software seller and one of the top targets of hackers worldwide.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy