Tech Brew Ride Home Mon. 01/23 – Moar Tech Layoffs (And Moar To Come?)
Jan 23, 2023
The tech industry faces another wave of layoffs, with Spotify cutting 6% of its workforce. Meanwhile, banks are gearing up to launch digital wallets to challenge giants like PayPal. TikTok's controversial 'heating' feature selectively boosts certain videos, stirring debate about transparency. OpenAI's potential ChatGPT subscription pricing is also discussed, with some users considering paying $42 a month for pro access. Plus, a review of the latest MacBook Pro showcases impressive advancements in Apple Silicon.
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Spotify Layoffs and Reorganization
- Spotify will lay off 6% of its workforce, about 600 people.
- CEO Daniel Ek admitted overambitious investment and reorganizing engineering/product teams.
Opportunistic Layoffs
- Tech CEOs seem to be using the same language for layoffs, suggesting opportunistic cost-cutting.
- Brian McCullough believes many layoffs are due to shareholder pressure and the current climate.
Tech Giants Restructuring
- Microsoft laid off its VR/AR teams, possibly yielding to Apple and Meta.
- Google fired staff from Fuchsia OS, Cloud, and Area 120, refocusing on AI projects.