Adobe buys Figma, Uber gets hacked, and Google shrinks Area 120 • TechCrunch
Table of Contents
Good day, close friends! Welcome back to 7 days in Evaluate, the publication wherever we speedily sum up the most examine TechCrunch stories from the very last sevenish times. The goal? Even if you have had a active week, a brief skim of WiR need to preserve you in the (tech) loop.
Want it in your inbox just about every Saturday? Sign up here.
This week was a bit all above the put, with one more significant story breaking each pair hrs. Let us just drop ideal in, shall we?
most read
- Cutbacks at Place 120: Spot 120 is Google’s in-household incubator, intended to allow Googlers with perhaps massive tips faucet the mega company’s resources to convert mentioned ideas into some thing actual. This week, even so, Google confirmed that it’s slashing 50 % of the Spot 120 tasks at the moment in growth, with the incubator “shifting its focus” to AI jobs. Impacted workforce are currently being provided until finally early 2023 to discover a new occupation inside Google.
- Adobe buys Figma: In 1 of the most significant tech acquisitions of all time, Adobe declared this 7 days its intent to obtain the collaborative/world-wide-web-primarily based layout software Figma for a whopping $20 billion. Figma observed absurd expansion all over the pandemic, as a lot of, numerous tech groups went remote and altered their workflows accordingly. Even for a organization as huge as Adobe, profitable that part of the workflow back again would’ve been hard.
- Layoffs at Twilio: Twilio confirmed this 7 days that it’ll lay off about 11% of its workforce — someplace concerning 800 and 900 people — as the enterprise focuses on achieving profitability in 2023.
- iOS 16 goes are living: As envisioned, iOS 16 rolled out to Apple equipment this 7 days. Want our ideas on it? Discover Romain’s evaluation below. Want to know all of the not-so-noticeable new characteristics hiding inside the update? Examine out Ivan’s list. Most of our audience seem to be wanting for exciting means to use all those new Lock Monitor widgets.
- South Korea challenges an arrest warrant for Terraform Labs’ founder: “A court in South Korea has issued an arrest warrant for Do Kwon, the founder of Terraform Labs,” writes Manish, “escalating its probe into the crypto ecosystem whose two tokens dropped $40 billion in benefit in a span of days previously this year.”
- Uber hack: Late Thursday night, Uber verified that it is “responding to a cybersecurity incident” just after a hacker seemingly breached the company’s internal network, with the hacker reportedly announcing their existence (and protesting how Uber pays its motorists) suitable in Uber’s Slack.
audio roundup
If you like TechCrunch for your eyes, check out TechCrunch for your ears. This week in TechCrunch podcast land, the Fairness workforce talked about how Y Combinator has advanced in the latest decades, the Chain Reaction crew “dug into the institutional embrace of blockchains by stodgy money powerhouses,” and the Observed group went all “greatest hits” by revisiting an interview with Figma founder Dylan Area from earlier this 12 months.
techcrunch+
Want to know what TC+ members are reading most at the rear of the paywall? I’ve received that checklist underneath. Want to come to be a TC+ member by yourself? Sign up right here and use promo code “WIR” for 15% off an annual pass.
