Prompt Security was founded by Itamar Golan (CEO) and Lior Drihem (CTO), who both previously worked at Check Point and Orca Security.
The company’s tools automatically detect patterns related to GenAI usage and then layers an enforcement policy on top of that.
Golan stressed that the company is trying to build an entire platform here by covering various aspects of an organization’s GenAI usage.
“We are trying to build a one-stop solution for GenAI security.
Over time, the company plans to launch more services that help its customers increase their GenAI security posture.
E-commerce company eBay said today that it plans to let go of 1,000 employees or around 9% of its workforce due to the ongoing economic conditions.
The company said in a blog post that it also plans to cut contract roles in the coming months.
The company’s CEO Jamie Iannone admitted that the company hired fast, but it didn’t grow enough to justify the headcount.
In Q3 2023, eBay registered $2.5 billion in revenue and $1.3 billion in profits.
The company also earned $2.2 billion by selling its equity in online ad business Adevinta to Permira and Blackstone last year.
Riot Games is laying off about 530 employees, which represents 11% of its workforce, the Tencent-owned company announced on Monday.
The League of Legends maker is also sunsetting its five-year-old publishing group, Riot Forge.
Riot Games wrote two posts about the changes, addressing the affected employees in one and its players in another.
He also highlighted two areas that’ll see “immediate impact” from the organizational changes– Riot Forge and the digital collectible card game Legends of Runeterra.
Riot Games joins other video game publishers making job cuts, such as Epic Games, which eliminated 830 employees in September.
Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today.
The once high-flying fintech startup sent a note to employees (that was also published on the company’s website) today, announcing the news.
In addition, Brex announced that its COO, Michael Tannenbaum, is transitioning from his role to become a board member.
It is not clear how many employees Brex has today, though its layoff indicates the figure at around 1,400 before its latest cuts.
But that growth has since slowed, largely due to the hike in interest rates and resulting slowdown in VC funding.
TikTok is the latest tech company to mount another round of layoffs in an increasingly bleak January.
According to NPR, which broke the news, TikTok cut about 60 jobs, mostly in sales and advertising.
Since then, TikTok users have complained that their For You Page is overrun with videos from creators seeking to make affiliate commissions by promoting products from TikTok Shop.
Across social platforms and other consumer tech products, layoffs have been rampant so far this year.
Google has laid off hundreds of employees in hardware and advertising sales, plus another hundred employees at YouTube.
As Amazon initiates job cuts across its entire business, including its streaming division, the e-commerce giant is now laying off employees within its Buy with Prime segment.
Launched in 2022, Buy with Prime is a service that enables third-party merchants to offer Prime benefits like free shipping and returns.
Buy with Prime expanded its availability in early 2023, adding more U.S. brands like BigCommerce and Sustainable Glam.
“Buy with Prime is a top priority for Amazon, with strong adoption from merchants and positive feedback from customers, and we will continue investing significant resources in Buy with Prime to build on that momentum.
Earlier this month, Amazon laid off 500 Twitch workers and hundreds of employees at Prime Video and MGM Studios.
Yet another series of layoffs has hit Google, this time at its video-sharing platform, YouTube.
The company will eliminate 100 employees, a spokesperson confirmed to TechCrunch.
Last week, Google laid off more than 1,000 workers across several divisions, including engineering, services and voice-activated product Google Assistant.
“As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” a Google spokesperson said in a provided statement.
“We’re continuing to support any impacted employees as they look for new roles here at Google and beyond,” the spokesperson added.
Electric boat startup Navier has landed the first official pilot program for its hydrofoiling watercraft, partnering with Stripe to bring passengers from San Francisco’s outskirts to the downtown area.
Stripe will pay Navier to shuttle employees from Larkspur, where a number of them are concentrated, to its office near Oyster Point.
But as a pilot program, the intent is not to operate at scale but to identify the means of and barriers to that scale.
Other coastal cities with commute problems may take notice if the pilot program goes well.
“We’re introducing a water shuttle service equipped with amenities that enhance on-the-go productivity, such as desks and Wi-Fi.
Instagram has cut 60 technical program manager positions, eliminating a layer of management at the company, according to a new report from The Information.
The impacted employees have two months to apply for other jobs at the company.
After the two-month period, their employment will be terminated if they are unable to secure a different role at the company.
The changes mean that Instagram is going to sharpen its focus on supporting creators who are most likely to drive teen engagement on the platform.
Despite the continued and ongoing regulatory pressure that Meta is facing, Instagram is still focused on teen engagement and retention.
Audible, the Amazon-owned audiobook company, is laying off 5% of its staff, according to a leaked memo obtained by Business Insider.
Per the memo, Audible CEO Bob Carrigan praised staff for a strong 2023 and assured them that the business was in good shape… but, due to the “increasingly challenging landscape,” the company is still making cuts.
Now, just this week, Twitch laid off another 500 employees, and Amazon’s MGM Studios and Prime Video let go of “several hundred” employees.
Prime Video aside, all of these organizations at Amazon — Twitch, MGM Studios and Audible — came to the company via acquisition.
Audible has been part of Amazon since 2008, when it was acquired for $300 million.
