Adobe buys Figma, Uber will get hacked, and Google shrinks space one hundred twenty • TechCrunch

whats up, pals! Welcome again to Week in evaluation, the e-newsletter the place we quickly sum up most possible the most be taught TechCrunch tales from the final sevenish days. The aim? Even everytime you’ve had a busy week, a quick skim of WiR ought to maintain you inside the (tech) loop.

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This week was a bit all by, with one other large story breaking every couple hours. Let’s simply drop proper in, we may?

most be taught

  • Cutbacks at space one hundred twenty: space one hundred twenty is Google’s in-dwelling incubator, meant to let Googlers with probably large ideas faucet the mega agency’s sources to level mentioned ideas into one factor exact. This week, nonetheless, Google confirmed that it’s slashing half of the world one hundred twenty tasks presently in progress, with the incubator “shifting its focus” to AI tasks. Impacted staff are being given till early 2023 to discover a mannequin new job inside Google.
  • Adobe buys Figma: in a single in every of many biggest tech acquisitions of all time, Adobe introduced this week its intent to buy the collaborative/web-based mostly design instrument Figma for a whopping $20 billion. Figma noticed ridiculous progress all by the pandemic, as many, many tech teams went distant and adjusted their workflows accordingly. Even for an group as large as Adobe, worthwhile that an component of the workflow again would’ve been sturdy.
  • Layoffs at Twilio: Twilio confirmed this week that it’ll lay off roughly eleven% of its workforce — someplace between 800 and 900 of us — as a consequence of the agency focuses on reaching profitability in 2023.
  • iOS sixteen goes dwell: As anticipated, iOS sixteen rolled out to Apple objects this week. want our ideas on it? discover Romain’s evaluation right here. should know all of the not-so-apparent new options hiding contained in the replace? try Ivan’s guidelines. Most of our readers look like in search of fascinating methods to use these new Lock display widgets.
  • South Korea factors an arrest warrant for Terraform Labs’ founder: “A court docket in South Korea has issued an arrest warrant for Do Kwon, the founding father of Terraform Labs,” writes Manish, “escalating its probe into the crypto ecosystem whose two tokens misplaced $forty billion in worth in a span of days earlier this 12 months.”
  • Uber hack: Late Thursday night, Uber confirmed that it’s “responding to a cybersecurity incident” after a hacker seemingly breached the agency’s inside community, with the hacker reportedly asserting their presence (and protesting how Uber pays its drivers) proper inside Uber’s Slack.

audio roundup

everytime you want TechCrunch in your eyes, try TechCrunch in your ears. This week in TechCrunch podcast land, the equity staff talked about how Y Combinator has superior these days, the Chain response crew “dug into the institutional embrace of blockchains by stodgy monetary powerhouses,” and the found staff went all “biggest hits” by revisiting an interview with Figma founder Dylan subject from earlier this 12 months.

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