Howdy, pals! Welcome back to Week in Overview, the e-newsletter wherever we immediately sum up the most browse TechCrunch stories from the last sevenish times. The objective? Even if you’ve experienced a occupied 7 days, a speedy skim of WiR need to maintain you in the (tech) loop.
Want it in your inbox just about every Saturday? Indication up below.
This 7 days was a bit all over the position, with one more massive story breaking every couple hrs. Let’s just fall ideal in, shall we?
- Cutbacks at Space 120: Space 120 is Google’s in-household incubator, meant to let Googlers with possibly huge tips tap the mega company’s resources to transform explained thoughts into a little something genuine. This week, nonetheless, Google confirmed that it’s slashing fifty percent of the Space 120 initiatives at present in growth, with the incubator “shifting its focus” to AI jobs. Impacted workers are becoming supplied until eventually early 2023 to locate a new occupation within just Google.
- Adobe buys Figma: In 1 of the most significant tech acquisitions of all time, Adobe declared this 7 days its intent to get the collaborative/website-centered design and style device Figma for a whopping $20 billion. Figma saw absurd development throughout the pandemic, as numerous, many tech groups went remote and altered their workflows appropriately. Even for a company as large as Adobe, winning that portion of the workflow again would’ve been hard.
- Layoffs at Twilio: Twilio verified this week that it’ll lay off around 11% of its workforce — someplace involving 800 and 900 men and women — as the organization focuses on reaching profitability in 2023.
- iOS 16 goes dwell: As expected, iOS 16 rolled out to Apple gadgets this 7 days. Want our feelings on it? Come across Romain’s overview listed here. Want to know all of the not-so-obvious new capabilities hiding within just the update? Examine out Ivan’s checklist. Most of our audience appear to be to be seeking for attention-grabbing approaches to use people new Lock Screen widgets.
- South Korea difficulties 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 value in a span of days earlier this calendar year.”
- Uber hack: Late Thursday night, Uber confirmed that it is “responding to a cybersecurity incident” just after a hacker seemingly breached the company’s inner community, with the hacker reportedly saying their presence (and protesting how Uber pays its motorists) right within Uber’s Slack.
If you like TechCrunch for your eyes, test out TechCrunch for your ears. This week in TechCrunch podcast land, the Fairness staff talked about how Y Combinator has developed in the latest years, the Chain Reaction crew “dug into the institutional embrace of blockchains by stodgy fiscal powerhouses,” and the Located workforce went all “greatest hits” by revisiting an job interview with Figma founder Dylan Area from earlier this 12 months.
Want to know what TC+ customers are looking at most powering the paywall? I have got that checklist beneath. Want to come to be a TC+ member you? Indicator up listed here and use promo code “WIR” for 15% off an annual move.