Meta Platforms to Lay Off Thousands This Week
Word of Meta's upcoming layoffs come just days after Twitter cut about half its workforce, or 3,700 people, and other companies such as Stripe and Lyft also instituted mass layoffs.
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Twitter Asks Some Fired Employees to Return
Twitter is asking some fired employees to return and delaying the rollout of verification changes until after the midterm elections.
Apple Pauses Hiring Outside R&D
The hiring pullback comes as Apple expects revenue growth to slow during the holiday season.
Elon Musk Says Twitter Is Seeing Revenue Drop
Advertisers pause Twitter spending amid downturn in ad market
Twitter Employees File Lawsuit Alleging Federal Labor Violation
Twitter has discussed laying off about half of its workforce and has started to implement cuts Friday
Twitter Will Shut Down Newsletter Product Revue By Year End
Twitter plans to discontinue its newsletter product Revue by the end of this year.
Apple Adds Second iPhone 14 Supplier in India as China Struggles with Covid Controls
Apple added Taiwanese manufacturer Pegatron as the second firm to produce the phone in India.
Twitter Employees to Learn of Layoffs Friday Morning
Twitter sent an email Thursday alerting employees to the impending layoffs, the first communication since the Musk takeover.
Block Shares Jump On Cash App Growth
Block shares rose around 11% after hours, as the company reported strong gross profit and user growth for Cash App.
E-Commerce Layoff Tally Mounts With Faire, Affirm Cuts
Faire, Affirm are among e-commerce and payments firms that have cut jobs as online shopping growth slows.
DoorDash Reports Higher Revenue for Q3
DoorDash's business grew in part because of its recent acquisition of European delivery business Wolt.
Coinbase Revenue Drop Cushioned By Interest Income
Coinbase’s crypto trading volume plunged versus last year. One bright spot was a jump in interest income from its UDSC stablecoin partnership.
OpenAI Launches DALL-E 2 Service for Software Developers
Startup OpenAI is now selling access to an API that could kindle more interest in the technology from developers that work with generative AI.
Warner Bros. Discovery Reports Lower Revenue and Profits
The company, formed from the merger of WarnerMedia and Discovery, was hit by the weaker ad market and the stronger dollar.
Amazon Freezes Corporate Hiring
Amazon has implemented a hiring freeze for its corporate workforce, the company announced Thursday, citing the "unusual macro-economic environment."
Fidelity Launches Waitlist for Retail Crypto Trading Platform
Fidelity will take a small portion of each trade by factoring a spread of 1% on each transaction.
Stripe Cuts 14% of Staff, Was ‘Much Too Optimistic’ About E-Commerce Boom
Stripe co-founders said they over hired and grew operating costs at the payments giant too quickly.
China Venture Capital Investing Drops 44%
Funding for China startups fell to $62 billion through October compared to same period in 2021.
Twitter’s Legal Team Discusses Severance for 3,700
The cuts would amount to half of Twitter's workforce.
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