Layoffs are tough.
The silver lining is that with an Expo+ pass, you can engage with a vibrant tech startup community at TC Disrupt, boasting over 10,000 participants, for the entire three days.
Here’s the deal: If you’ve been through a layoff, in any industry, and from any country within one year of October 2024, you qualify for a discounted Expo+ pass.
At Disrupt, you’ll find a wealth of opportunities to explore, with access to startup founders, CEOs, service providers, and partner companies.
*Networking activations access is limited for Expo+ Passes and doesn’t include access to roundtables, small-group sessions, braindates or select receptions.
The weather’s getting hotter — but not quite as hot as the generative AI space, which saw a slew of new models released this week, including Meta’s Llama 3.
In other AI news, Hyundai-owned robotics company Boston Dynamics unveiled an electric-powered humanoid follow-up to its long-running Atlas robot, which it recently retired.
And Rebecca and Sean report on layoffs at Tesla , which they say hit high performers and gutted some departments.
AnalysisGoogle Cloud bets on generative AI: Ron writes about how Google Cloud is investing heavily in generative AI, as evidenced by the string of announcements during Google’s Cloud Next conference earlier in the month.
Generative AI in health: Generative AI is coming for healthcare — but not everyone’s thrilled.
Tesla’s layoffs and executive departures took a bite out its share price this week.
The well-known electric vehicle company shed around 10% of its staff, impacting an estimated 14,000 staff or more.
It missed delivery estimates for the first quarter, has reportedly reduced hours for the production-line of its Cybertruck, and is seeing rivals in China stack market share with low-priced EVs.
Tesla, in other words, helped foster the global electric vehicle market, but is losing some of its primacy in that same market.
In human terms, for every dollar of car that Tesla sells, it generates far more company worth than its rivals.
Tesla layoffs hit high performers, some departments slashed, sources say 'I lost 20% of my team, some really good players too'Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch.
High performers also cutMany of the laid-off employees were high performers, according to two sources who spoke to TechCrunch on condition of anonymity.
Some departments saw layoffs beyond the 10% outlined in the companywide email, according to sources.
In 2022, he told employees that he wanted a “clean robotaxi” with no steering wheel or pedals.
Patel told TechCrunch he decided Sunday evening to leave Tesla because of “[b]ig overall changes” at the company.
Tesla layoffs hit high performers, some departments slashed, sources say 'I lost 20% of my team, some really good players too'Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch.
Its margins, however, took a hit after Tesla repeatedly slashed prices in a bid to drum up sales and undercut the competition.
High performers also cutMany of the laid-off employees were high performers, according to two sources who spoke to TechCrunch on condition of anonymity.
In 2022, he told employees that he wanted a “clean robotaxi” with no steering wheel or pedals.
Patel told TechCrunch he decided Sunday evening to leave Tesla because of “[b]ig overall changes” at the company.
Hinge Health, a nine-year-old company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions, cut approximately 10% of its workforce on Thursday, TechCrunch has exclusively learned.
The company said people who were laid off worked across various functions; according to employees posting on LinkedIn, some were engineers.
Before the layoffs, Hinge had more than 1,700 employees, according to a LinkedIn estimate.
The company has raised a total of $828 million, according to PitchBook data.
The company’s main competitor is General Catalyst and Khosla Ventures-backed Sword Health, which was last valued at $2 billion in November 2021.
TechCrunch Mobility: Apple layoffs, an EV price reckoning and another Tesla robotaxi promise Plus, more Fisker problems and a Waymo-Uber Eats tie-upWelcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation.
The average price of an EV in 2023 was $61,702, while all other vehicles stood at $47,450.
This downward pressure has forced automakers like Ford to delay future EV launches and put more resources toward hybrids.
Even Tesla, a bellwether in the EV world, fell well below analysts’ expectations with deliveries down 20% from Q4 2023.
What vehicles — including the two-wheeled variety — are you interested in reading about?
How many startups shut down last year compared to the year before?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
This is our interview show, where we sit down with a guest, think about their work, and unpack the rest.
Lee is an angel investor as well the creator of Layoffs.FYI and co-founder of Comprehensive and Human Interest.
We also talked about:Just how many more companies shut down in 2023 compared to 2022 (spoiler alert, it was a lot!)
Tech layoffs are accelerating, according to the data.
After quick revenue growth in 2023, midsized tech companies are cutting as well.
Brex’s latest layoffs make it plain that even some of the best-known, and most richly funded, upstart tech companies are finding their headcount to be too much.
Thankfully, that information is at our fingertips and we can report that, yes, the layoff surge that you are feeling is in fact an actual wave.
In that month, Layoffs.FYI counted just 4,707 tech layoffs across 65 total known cuts.
Three months after completing its $68.7 billion acquisition of gaming company Activision Blizzard, Microsoft is laying off 1,900 employees in its gaming divisions.
This amounts to about 8.6% of 22,000 Microsoft employees in gaming.
Blizzard president Mike Ybarra also announced he will step down, now that the acquisition is finalized.
According to game developer and consultant Rami Ismail, about 5,600 gaming employees have been laid off so far in 2024.
Thats more than half of all gaming layoffs from 2023.
