Hi all – welcome back Review of the week, the newsletter where we summarize the most read TechCrunch stories from the past week. And phew, what a week it was.
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Mass layoffs on Twitter: It was Elon’s first full week as Twitter boss after a $44 billion acquisition. Mass layoffs were rumored to be underway – and, well, they have begun. After sending a painfully impersonal email on Thursday night, entire teams wake up to find their access suddenly revoked. With reports suggesting the layoffs could affect up to half of the company, Twitter employees have reportedly started calling the whole thing a “the snap(à la Thanos). A class action has already been filed alleging that Twitter is not following proper legal procedures here.
Layoffs everywhere: Meanwhile, news of layoffs in the tech industry continues to pour in. Lyft lets go 13% of its workforce, Striped cut 14%, Opendoor has reduced its workforce by 18%, Chime split 12%, and more. Meanwhile, Apple and Amazon would have frozen hiring.
Google kills Hangouts: We knew this was coming, but this week Google put the final nail in Hangouts’ coffin, shutting down the chat-focused web app (Android/iOS Hangouts apps were shut down last year) by favor of Google Chat. Of course, given Google’s history with chat apps, I expect at least two more to be launched and/or shut down by the end of this newsletter.
Falcon Heavy returns to space: This week, SpaceX launched its Falcon Heavy rocket for the first time since 2019, finally moving forward on a mission that had been delayed (“due to payload readiness issues”) since late 2020.
Amazon is expanding its Music service“The company said it will now offer Prime subscribers a full music catalog with 100 million songs, instead of the previously more limited selection of just 2 million songs,” Sarah writes, “and will make most of the best podcasts from its ad-free service.
What’s new in the TC podcast this week? Here are some of the highlights:
- The Equity Team discussed the ever-changing role of the venture capitalist, and our friend Melia Russell from Business Insider stopped by to tell us her recent story about how “investors are rewriting the manuals when it comes to maternity leave policies in their companies”.
- Amanda joined Darrell on CT Podcast to discuss Elon’s “questionable plans” to change how identity verification works on Twitter
- The Chain reaction The team dives into the growing list of issues that have developed for Bitcoin miners over the past few months.
Not part of TechCrunch+ yet? Here’s what TC+ members read the most behind the paywall:
Pilot’s CEO Tears Down His $60 Million Series C Deck: Posted in early 2021, this one blew up for some reason this week! Just weeks after raising a big Series C, Pilot CEO Waseem Daher sat down with Lucas Matney to explain what worked in their pitch deck.
The most common pitch deck mistakes: Speaking of pitch decks, TC’s resident pitch expert Haje Jan Kamps has a list of mistakes he’s tired of seeing in decks, after reviewing thousands of them.