Adobe buys Figma, Uber gets hacked, and Google drops Area 120 • TechCrunch

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Another big story that broke every two hours this week was a little bit all over the place. Now let’s dive in, shall we?

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  • Around 120 interruptionsArea 120 is Google’s in-house incubator, where ambitious Googlers tap into the mega-company’s resources to turn their ideas into reality. But this week, Google confirmed that it is cutting half of the 120 Aria projects currently in development, with the incubator shifting its focus to AI projects. Affected employees are being given until early 2023 to find new jobs at Google.
  • Adobe buys FEMAIn one of the most dramatic tech acquisitions of all time, Adobe this week announced its intention to buy collaboration/web-based design tool Figma for a whopping $20 billion. Image display so funny Throughout the pandemic’s development, many, many technology teams have moved away and adjusted their workflows accordingly. Even for a company as large as Adobe, winning back that part of the workflow was difficult.
  • Layoffs at TwilioThe company Twilio confirmed this week that it will cut 11% of its workforce — between 800 and 900 people — as it focuses on profitability by 2023.
  • iOS 16 is live.: As expected, iOS 16 was released to Apple devices this week. Want our thoughts on it? Find Romain’s review here. Want to know all the obscure new features hidden in the update? Check out Ivan’s list. It seems like most of our readers are looking for fun ways to use those new lock screen widgets.
  • South Korea has issued an arrest warrant for the founder of Terraform Labs.“A court in South Korea has issued an arrest warrant for Do Kwon, founder of Terraform Labs,” Manish wrote. He said.
  • The Uber hackOn Thursday night, Uber confirmed that it was “responding to a cyber security issue” after the hacker appeared to have breached the company’s internal network, reportedly announcing their presence (and protesting how Uber pays its drivers) in Uber’s Slack.

Audio summary

If you like TechCrunch for your eyes, check out TechCrunch for your ears. In this week’s TechCrunch podcast Land, the equity team discussed how Y Combinator has evolved in recent years, the Chain Reaction team “entered the institutional embrace of blockchain among stodgy financial powerhouses,” and the resulting team all had “excellent results.” He revisits an interview with FIMA founder Dylan Field earlier this year.


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