Coinbase to lay off 14% of staff as part of broader restructuring
The restructuring is aimed at addressing market volatility and increasing the use of AI tools to improve efficiency.
Layoffs
Redwood Materials loses COO amid layoffs, restructuring
Former Tesla executive Chris Lister is retiring, and at least three other VPs have left Redwood around the recent restructuring, TechCrunch has learned.
What founders can learn from Anjuna’s layoffs and recovery
In 2021, Anjuna Security was growing fast, hiring aggressively, and chasing a market that seemed limitless. By the end of that year, the venture-backed cybersecurity company had scaled to around 75 employees, building out sales, customer success, and support teams in anticipation of continued hypergrowth. Then 2022 hit.
Epic Games cuts 1,000 jobs, says Fortnite engagement is down
Epic Games also increased the price of V-Bucks, the Fortnite in-game currency.
Sam Altman’s thank-you to coders draws the memes
Altman expresses gratitude for people who knew how to write their code from scratch. The internet replies with salty jokes.
Digg lays off staff and shuts down app as company retools
Digg laid off a significant number of staff and shut down its app, but says it’s not giving up on the startup.
Atlassian follows Block’s footsteps and cuts staff in the name of AI
Atlassian laid off 10% of its workforce, around 1,600 people, as the company looks to funnel more funds to AI.