WeWork confirms it has laid off 300 employees Kate Clark @kateclarktweets / 1 day Co-working juggernaut WeWork (now known as the We Company) has laid off 3 percent of its global workforce, or roughly 300 employees, the company told TechCrunch. The heavily funded business, most recently valued at a whopping $47 billion, employs 10,000 people around the world.
Headquartered in New York, the layoffs were performance-related, part of the company’s routine process of shedding underperformers. Among the departments impacted by the cuts were WeWork’s engineering team, product and user experience design.
“Over the past nine years, WeWork has grown into one of the largest global physical networks thanks to the hard work and dedication of our team,” the company said in a statement provided to TechCrunch. “WeWork recently conducted a standard annual performance review process. Our global workforce is now more than 10,000 str..
Alpha, the geek-friendly streaming service from Nerdist and Geek & Sundry, is shutting down Sarah Perez @sarahintampa / 1 day Another overly niche streaming service is closing up shop. On Friday, Alpha – a geek-friendly streaming service that focused on TV, pop-culture, sci-fi, comics, video games and more – announced it was shutting down. The subscription-based streaming service had been a joint venture between Nerdist and Geek & Sundry, and offered $4.99-per-month access to a mix of exclusive original content and other fan favorites from both brands.
Launched in 2016 by Legendary Digital Networks, the company had claimed a year ago it had a “six-figure” subscriber base that had grown by 200 percent over the past year. But even then, its potential reach would have remained small – Nerdist and Geek & Sundry combined had 8 million monthly uniques. Only a fraction of that audience would have likely converted to payin..
Rackspace announces it has laid off 200 workers Ron Miller 1 day Rackspace, the hosted private cloud vendor, let go around 200 workers or 3 percent of its worldwide workforce of 6,600 employees this week. The company says that it’s part of a recalibration where it is trying to find workers who are better suited to their current business approach.
A Rackspace spokesperson told TechCrunch that it is “a stable and profitable company.” In fact, it hired 1,500 employees in 2018 and currently has 200 job openings. “We continue to invest in our business based on market opportunity and our customers’ needs – we take actions on an ongoing basis in some areas where we are over-invested and hire in areas where we are under invested,” a company spokesperson explained.
The company, which went public in 2008 and private again for $4.3 billion in 2016, has struggled in a cloud market dominated by giants like Amazon, Microsoft and Google, bu..
How I podcast: Effectively Wild’s Ben Lindbergh Brian Heater @bheater / 1 day Last month, Spotify announced that it had paid $340 million for Gimlet and Anchor in a push to make its mark on podcasting. But while it’s encouraging to see media giants throw weight and money behind the medium, the beauty of the format has always been its accessibility.
It’s the rare form of entertainment that’s nearly as easy to create as it is to consume. And now, thanks to the proliferation of devoted hardware and software solutions, it’s never been easier. Podcast studios run the range from NPR to Skype chat and every variation in-between, with recording rigs every bit as diverse as the shows themselves.
After receiving some great feedback from my writeup of my own setup, I’ve reached out to some of my favorite podcasters to see what they’re working with. I’ll be highlighting some of those in the coming weeks, beginning with Ben ..
Canadian government allows Huawei CFO’s US extradition case to proceed Brian Heater @bheater / 1 day Late last year, Huawei CFO Meng Wanzhou was arrested in Vancouver, Canada over alleged violations of U.S. trade sanctions with Iran. This week, the Canadian government announced it will allow for the executive’s extradition to proceed.
Officials in the Department of Justice Canada have issued an Authority to Proceed, a proclamation that officially begins the extradition process, which could send Wanzhou to the U.S. to face charges.
Wanzhou, who is also the daughter of Huawei founder Ren Zhengfei, has found herself at the center of an ongoing dispute between the smartphone maker and the U.S. government. In January, an indictment was unsealed linking Wanzhou to alleged bank fraud designed to help the company circumvent U.S./Iranian sanctions.
“The decision follows a thorough and diligent review of the evidence in ..
WSJ: Amazon to open new US grocery chain separate from Whole Foods Sarah Perez @sarahintampa / 1 day A report from The Wall St. Journal today claims Amazon is preparing to open a new chain of grocery stores across the U.S. that won’t be associated with Whole Foods. The retailer is expected to open the first of these stores in L.A., possibly by the end of 2019, and has signed leases for at least two other locations opening next year, the report claims.
The stores will be separately operated from Whole Foods, but it’s not clear yet how they’ll be branded or even if they’ll carry the Amazon name. The longer-term plan involves opening “dozens” of these stores in major U.S. cities, and Amazon may even consider an acquisition strategy related to this goal, which would see it pick up regional grocery chains with about a dozen stores under operation, the report said. It may also target retail space vacated by Kmart.
Verified Expert Lawyer: Sam Angus Eric Eldon 1 day Sam Angus has been a lawyer in Silicon Valley since the 1990s. Today, he represents some of the biggest names in the startup world, from their earliest days through acquisitions and IPOs, and including four acquisitions last year: TSheets, GitHub, Glint and HelloSign.
But his startup experience actually goes back to the 1980s, when he and some friends built a booming calendar publishing business out of their dorm room during college. In the interview below, he tells us about the ups and downs of the tech industry over the decades, how he helps clients through the good times and bad, and how he works within Fenwick & West, one of the leading tech law firms in tech. We also discuss long-term trends, like the shift towards founder-friendly terms in this era versus past decades in the Valley.
On early-stage problems: “I’ve represented hundreds of early-stage companies. It is not ..
SpaceX’s Crew Dragon makes its first orbital launch tonight Devin Coldewey @techcrunch / 1 day After years of development and delays, SpaceX’s Crew Dragon is ready to launch into orbit. It’s the first commercially built and operated crewed spacecraft ever to do so, and represents in many ways the public-private partnership that could define the future of spaceflight.
Launch is set for just before midnight Pacific time — 2:49 Eastern time in Cape Canaveral, from where the Falcon 9 carrying the Crew Dragon capsule will take off. It’s using Launchpad 39A at Kennedy Space Center, which previously hosted Apollo missions and more recently SpaceX’s momentous Falcon Heavy launch. Feel free to relive that moment with us, while you’re here:
The capsule has been the work of many years and billions of dollars: an adaptation of the company’s Dragon capsule, but with much of its cargo space converted to a spacious crew co..
Samsung's new Galaxy S10+, announced on February 20, is set to ship next week with all of the latest technologies Samsung has developed over the course of the last year.
We were able to get our hands on an S10+ early, and we thought we'd take a look to see how it measures up to the iPhone XS Max.
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Samsung's Galaxy S10+ uses the design that we've come to expect from modern smartphones, with an edge-to-edge display and slim bezels designed to maximize available screen size. The Galaxy S10+ uses a 6.4-inch 3040 x 1440 OLED display and rather than a notch, there's a hole punch-style cutout that Samsung calls the Infinity-O display.
On the S10, it's a single little circle, but on the S10+, which has a dual-lens front-facing camera, the cutout, located at the right side of the display, is a bit wider. It's an odd location, but like the notch, it kind of blends in and you forget it's there w..
This week, StackSocial is highlighting a notable new bundle of mac apps called the Epic Mac Bundle, including Fantastical 2, Flux 7, iStat Menu, PDF Expert, and more. Valued at $478.71, the bundle has been discounted to $29.99 for a limited time, but an additional promo code is knocking the price down to just $22.50 for the next two days.
Note: MacRumors is an affiliate partner with StackSocial. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.
To save on the Epic Mac Bundle, head to StackSocial, add the $29.99 bundle to your cart, and then head to the checkout screen. Once there, on the right side of the page enter the code DOWNLOADIT in the promo code box on the right side of the screen and click Apply. This will result in the bundle's $22.50 discount price, which is lasting for two more days and will end this weekend.
The Epic Mac Bundle
Fantastical 2 ($49.99 value): Manage your contacts, events, reminders, and ..