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.
Microsoft and Quantinuum today announced a major breakthrough in quantum error correction.
This new system also allowed the team to check the logical qubits and correct any errors it encountered without destroying the logical qubits.
This, the two companies say, has now moved the state-of-the-art of quantum computing out of what has typically been dubbed the era of Noisy Intermediate Scale Quantum (NISQ) computers.
The physical qubits are entangled together so that it becomes possible to detect an error in a physical qubit and fix it.
Now, Microsoft and Quantinuum argue that their new hardware/software system demonstrates the largest gap between physical and logical error rates, improving on using only physical qubits by up to 800x.
Clicks Technology is today unveiling the Clicks creator keyboard for the iPhone.
The thing is, we haven’t abandoned physical buttons.
By moving the keyboard off the display when typing, Clicks almost doubles the available screen.
And for those who really miss the good old days of typing on a physical keyboard, the Clicks creator keyboard offers real keys.
iPhone users can now use shortcuts like CMD + H to navigate to the home screen, or CMD + Space to launch Search.
Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food.
However, of all the streamlining efforts, its exit from the food delivery business across seven markets was the most unexpected.
This trend might persist with its exit from the food delivery business.
Jumia’s statement last week said that the company’s food delivery business wasn’t suitable to its market’s operating environment and macroeconomic conditions.
Also, how fast will the company grow the physical goods business to make up for this food delivery exit?
Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food.
As a result, Jumia will cease its food delivery operations across these markets by the end of December 2023.
Jumia is redirecting its focus towards the core physical goods business and maintaining its JumiaPay operations across all 11 markets, as outlined in a recent statement.
Jumia’s decision to discontinue its food delivery business aligns with a broader trend in the industry, mirroring the recent exit of another food delivery competitor, Bolt Food, from Nigeria and South Africa.
Both exits seem to be influenced by current macroeconomic headwinds, high inflation and intensified competition within the food delivery sector across the continent.
Payment cards are a big new trend in the fintech world. Companies like Checkout.com are creating products that allow customers to easily create payment cards for their own customers. This…
