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Tesla layoffs hit high performers, some departments slashed, sources say

Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a sourc

TechCrunch Space: True Anomaly and Rocket Lab will make big moves on orbit (literally)

Hello and welcome back to TechCrunch Space. I hope everyone had a great time at Space Symposium! Hopefully I’ll see you there next year.

Meta thinks it’s a good idea for students to wear Quest headsets in class

Meta continues to field criticism over how it handles younger consumers using its platforms, but the company is also planning new products that will cater to them. On Monday, the company announced in

Change Healthcare stolen patient data leaked by ransomware gang

This is the second group to demand a ransom payment from Change Healthcare to prevent the release of stolen patient data in as many months.

Open source Substack rival Ghost may join the fediverse

While the launch of a survey isn't necessarily a commitment to federating Ghost, it is another signal pointing to the broader reshaping of the web that's now underway.

Elon Musk plans to charge new X users to enable posting

Elon Musk is planning to charge new X users a small fee to enable posting on the social network and to curb the bot problem. In reply to an X account that posted about changes on X’s website, Mu

PVML combines an AI-centric data access and analysis platform with differential privacy

The Tel Aviv-based company recently announced that it has raised an $8 million seed round led by NFX, with participation from FJ Labs and Gefen Capital.

Apple pulls a Game Boy emulator for App Store violations, but says game emulators are allowed

iGBA was an ad-supported copy of the open-source project GBA4iOS that offered a Game Boy game emulator for iOS.

TechCrunch Minute: Where the Apple Vision Pro stands now that the launch day hype has dropped off

A few months after its launch, how is Apple’s Vision Pro faring? The company’s ambitious bet on computers that nestle on your face instead of sit on your desk made a huge splash when it wa

Investors are growing increasingly weary of AI

A new report from Stanford's Institute for Human-Centered Artificial Intelligence (HAI) found that global investment in AI fell for the second year in a row in 2023.

A comprehensive list of 2023 & 2024 tech layoffs

The tech-wide reckoning that began in 2022 and ran throughout into 2023 has continued into this year. And while 2024’s losses are not at that scale, they’re still significant, driven by b

Tesla execs Drew Baglino and Rohan Patel leave as company lays off 10%

Two high-profile executives have departed Tesla the same day that the electric automaker laid off thousands of workers, TechCrunch has confirmed. Drew Baglino, Tesla’s SVP of Powertrain and Ener

OpenAI plans new Tokyo office, Tesla lays offs thousands

Today on Equity, Tesla cuts staff, and OpenAI has plans for an office in Tokyo along with a new GPT-4 model for the Japanese language.

Jio Financial, BlackRock to tap India’s wealth management market

Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and broking business in India, the two firm

Kode Labs makes a bid to become the Salesforce of commercial building automation

Kode's platform allows customers to control HVAC and lighting, monitor energy use, track carbon emissions and keep an eye on water consumption.

Paraform raises $3.6M seed round to connect startups with recruiter networks

Layoffs usually drive attention and sympathy toward affected employees, but rarely does anyone talk about what happens to the recruiters who are sometimes also asked to leave when companies decide to

Adobe’s working on generative video, too

Adobe says it’s building an AI model to generate video. But it’s not revealing when this model will launch, exactly — or much about it besides the fact that it exists. Offered as an

Draftboard lets companies list referral bonuses for anyone

Companies that offer role referral bonuses do so with the assumption that their employees know their work culture — and a role’s requirements — best. But what if companies were to op

Meta’s ‘consent or pay’ tactic must not prevail over privacy, EU rights groups warn

Nearly two dozen rights groups are urging the EDPB to not endorse a strategy used by Meta that they say is intended to bypass the EU's privacy protections.

Meta to close Threads in Turkey to comply with injunction prohibiting data sharing with Instagram

Meta will "temporarily" shutter Threads in Turkey on April 29, in response to an injunction imposed by the country's competition authority.
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