Daily Crunch: Meta is laying off nearly 4,000 more employees this week.


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Hello, midweek crunchers! Today we are very happy about life in general. Also, is your company still private? Apply to Startup Battlefield 200 anyway – and make your official debut at TechCrunch Disrupt!

See you tomorrow at TechCrunch Early Stage in Boston? – Christine And came

TechCrunch’s Top 3

  • More meta suppressorsMeta plans to cut another 4,000 jobs this week, according to reports. Rebecca He wrote. If you’re keeping track at home, this is in addition to the 10,000 job cuts in November and 11,000 job cuts announced in March.
  • And the winner…Amazon tops LinkedIn’s Best Places to Work list, and Ingrid “The big question is whether things like cultural values ​​are a sign of our times, or if these parameters will remain a lasting priority among job seekers because it changes the big picture of how employers can operate,” they write. Capture the best talent – and indeed what ‘talent’ looks like – ahead.
  • Bey-bey real, doo doo doo doo doo doo: The curtain is really coming down on the lives of BeReal users, now they can include what they’re listening to when they post on Spotify; Aisha Reports.

Startups and VCs

Many applications today assume that data resides in only one location, typically a single cloud database. But the reality is more complicated. Kyle Reports. Thanks to the proliferation of mobile devices and cloud infrastructure — the latter of which has accelerated — applications must now store and process data in multiple locations, from the edge to the public cloud. Ditto for saving companies so they can keep it all together.

There was only one fintech unicorn birth in the entire quarter. This is the first time this has happened since late 2016. Mary Ann And Christine Report their outlook for the first quarter of the year.

And we have five more for you:

Software investors should (re)learn these 3 ideas before diving deep into technology

Image Credits: Christian Sturzenegger (Opens in a new window) / Getty Images

As VCs have turned “software investing into a low-margin financial game,” many “are okay with not moving forward and investing in the next big thing: investing in deep technology,” says Champ Suttipongchai, co-founder and general partner at Creative Ventures.

The SaaS mindset is not relevant for deep technology investment, which means traditional VCs need to adjust their behavior (and expectations) before jumping in.

“The founder-first mantra of software investors is deeply flawed in the tech world,” writes Suttipongchai. “That kind of magical thinking is the reason their software playbook almost failed.”

Three more talks from the TC+ team:

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Big Tech Inc.

Tesla is controlling prices everywhere. The electric vehicle company has slashed prices again for the Model 3 and Model Y, so those popular models are now under $40,000. Rebecca Reports. We’re now looking to see how well those margins fared in Tesla’s first-quarter earnings, which are scheduled to come out later today.

The Consumer Technology team covered the Snap Partner Summit today, and here are a few things they found:

And we have five more for you:





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