Sorare, the web3 gaming company, sees 13% reduction in workforce amidst declining interest in NFT fantasy sports.

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NFT fantasy sports startup Sorare lays off 13% of staff, as web3 gaming continues to sputter Sorare is not completely shuttering its New York office but is shifting more employees to ParisWeb3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The company will backfill most of these laid-off roles in Paris, according to Julia, with plans to hire more than 20 roles in the next six months. Sorare is not shutting down its New York office. Sorare saw $200 million in user transaction volume in 2023, a source familiar with the situation said. Web3 gaming startup Mythical Games raised nearly $300 million in venture money before holding three rounds of layoffs.

“Expanding to New Markets: The Rise of YouTube’s Create App as a Rival to TikTok’s Creative Tools”

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YouTube Create, Google’s standalone mobile app aimed at creators, which helps them produce both Shorts and longer videos, is expanding to a broader set of markets after last fall’s launch into beta testing. The idea behind Create is to offer video creators an easy-to-use suite of free tools for making videos on the go. With Create, users can upload clips, split and trim videos, use effects, and access royalty-free music to complement their videos. By offering a suite of tools just for YouTube creators, the company hopes to capture more of the market that prefers to use standalone tools for editing videos. Starting today, the Create app is available in new markets including Argentina, Australia, Brazil, Canada, Finland, Hong Kong, Ireland, Netherlands, New Zealand, Spain, Taiwan, Thailand, and Turky.

“Meati Foods Appoints CFO Phill Graves as it Trims Workforce by 13%”

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After naming Phil Graves the chief financial officer of alternative protein maker Meati Foods at the beginning of February, he is now the company’s new chief executive officer. The company also said it was reducing its workforce by 13% as Meati works to “build a financially sustainable business,” Graves told TechCrunch exclusively. Products are now in over 3,600 retail locations nationwide, including Whole Foods Market, Meijer, Cub Foods and Sprouts Farmers Market. Graves even said the company has a goal of expanding that to 10,000 locations before the end of 2024. Once fully ramped up, the facility will have the capability of producing more than 45 million pounds of product, Huggins told TechCrunch at the time.

Report: 1.3 Million Customers’ Data Stolen by Hackers, Confirms Fidelity National Financial

Fidelity National Financial Data Breach
Real estate services giant Fidelity National Financial has confirmed hackers stole data on 1.3 million of its customers during a November cyberattack that knocked the company offline for a week. FNF spokesperson Lisa Foxworthy-Parker did not respond to TechCrunch’s email requesting further details. FNF said it “contained” the cyberattack on November 26 following a week-long outage that virtually froze all of the company and much of its subsidiaries’ operations. One of FNF’s subsidiaries described the incident as a “catastrophe” in an automated message for customers. FNF was one of several corporate victims of cyberattacks in recent weeks targeting the mortgage and loan industry, including LoanDepot and Mr. Cooper.