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A comprehensive list of 2023 tech layoffs

Last year’s techwide reckoning continues. The tech industry has seen more than 240,000 jobs lost in 2023, a total that’s already 50% higher than last year and growing. Earlier this year, mass work

AssemblyAI lands $50M to build and serve AI speech models

Companies are betting big on generative AI to gain a competitive edge. But adoption challenges remain. According to a recent survey from EY, a significant portion of businesses looking to embrace gene

Spotify’s layoffs make sense when you consider its margins and market

Spotify is simply tinkering with its economics so that it is more attractive to investors. That means it needs to pay fewer salaries.

Tesla’s cheapest vehicle is losing half its tax credit next year

Tesla’s lowest-priced vehicle, the rear-wheel drive Model 3, won’t be eligible for the full $7,500 federal tax credit as of next year.  Tesla started warning buyers (and window shoppers)

Twilio lays off another 5% of employees following activist pressure

Just a few hours after Spotify announced a large round of layoffs, Twilio is also announcing hundreds of job cuts. Around 5% of the company’s workforce will be impacted. Today’s news proves that w

Threads downloads return to growth as X adds Walmart to its advertiser exodus

Recent efforts by Meta to grow Threads’ install base have been working. According to a new analysis of app store trends, Instagram Threads is now outpacing X, formerly Twitter, at least in terms

Negotiating cross-border investments: Insights from a seasoned investor

For LatAm startups, investments from foreign VCs can bring in experienced advisers and contributors who can help the company expand to new markets.

Bitcoin is on the move, Spotify cuts staff and more money floods AI

Welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend.

Up Catalyst draws €4M seed round to make battery graphite from carbon dioxide

Up Catalyst can tweak the basic process to also manufacture carbon nanotubes for paint or reinforced concrete, as well as graphite tailored to hydrogen fuel cells.

Strava gets in-app messaging to help you bypass WhatsApp

Strava is taking one big step closer to becoming a true social network, as the fitness-tracking platform introduces in-app messaging to let users send private one-to-one and group messages. The new m

ArmorCode raises $40M to consolidate security data in one place

ArmorCode, a cybersecurity platform that gathers vulnerability data from connected apps and software infrastructure, consolidating the data into a single location and standardizing it for analysis, ha

The best kitchen gifts for techy chefs in 2023

The kitchen is a sacred place. Some chefs insist on keeping things low-tech — Christine’s favorite purchase of the year is a piece of plastic from QVC, and Haje thinks that the Internet of Thi

Meta faces $600M competition damages claim in Spain as media owners pursue privacy breach lawsuit

Meta is facing a major legal challenge and damages claim in Spain that argues the adtech giant’s years of failing to have a valid legal basis for processing people’s data for ads under Eur

TikTok expands its in-app Ticketmaster ticketing feature to users in 20 countries

TikTok and Ticketmaster are expanding their partnership into 20 new countries after initially launching it in the United States back in August 2022. The partnership allows users to discover events and

Doubtnut, once offered a $150M deal by Byju’s, sells for $10M

Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a stunning reversal of fortune for the once fast-gro

Bending Spoons lays off entire staff of Filmic

Milan-based creative app studio Bending Spoons has laid off the entire staff of Filmic, which made popular video and photo editing apps such as Filmic Pro, per a report by PetaPixel. Bending Spoons ac

Spotify cuts 17% jobs amid rising capital costs

Spotify is eliminating about 1,500 jobs, or about 17% of its workforce, in its third round of layoffs this year as the music streaming giant looks to become “both productive and efficient.&#8221

India’s MoveInSync eyes $50-60M in fresh funding

MoveInSync, an Indian startup offering mobility solutions to blue-chip companies for workplace commute, is engaging with investors to raise a growth round, according to people familiar with the delibe

More layoffs come for micromobility, Cruise cuts loom, and what the Cybertruck signals for Elon

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free. Wel

Gravel gets funding from NEA to support Indonesia’s booming construction industry

Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a t
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