Adobe buys Figma, Uber gets hacked, and Google shrinks Area 120 • TechCrunch

Howdy, good friends! Welcome back to 7 days in Evaluate, the publication the place we swiftly sum up the most read through TechCrunch stories from the last sevenish days. The target? Even if you have had a chaotic week, a speedy skim of WiR should hold you in the (tech) loop.

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This week was a bit all in excess of the place, with a further significant tale breaking each individual few hours. Let us just fall right in, shall we?

most read through

  • Cutbacks at Region 120: Place 120 is Google’s in-house incubator, meant to permit Googlers with likely large strategies tap the mega company’s resources to convert claimed concepts into something real. This 7 days, having said that, Google verified that it is slashing half of the Location 120 tasks at the moment in development, with the incubator “shifting its focus” to AI assignments. Impacted workers are getting supplied until finally early 2023 to uncover a new task in just Google.
  • Adobe buys Figma: In one particular of the biggest tech acquisitions of all time, Adobe declared this 7 days its intent to invest in the collaborative/internet-based mostly layout software Figma for a whopping $20 billion. Figma saw preposterous advancement through the pandemic, as numerous, numerous tech groups went remote and altered their workflows appropriately. Even for a corporation as major as Adobe, successful that aspect of the workflow back would’ve been hard.
  • Layoffs at Twilio: Twilio verified this week that it’ll lay off about 11% of its workforce — somewhere in between 800 and 900 people — as the business focuses on achieving profitability in 2023.
  • iOS 16 goes are living: As anticipated, iOS 16 rolled out to Apple units this week. Want our views on it? Find Romain’s evaluate listed here. Want to know all of the not-so-obvious new capabilities hiding within just the update? Verify out Ivan’s list. Most of our readers seem to be hunting for attention-grabbing means to use those new Lock Screen widgets.
  • South Korea difficulties an arrest warrant for Terraform Labs’ founder: “A court in South Korea has issued an arrest warrant for Do Kwon, the founder of Terraform Labs,” writes Manish, “escalating its probe into the crypto ecosystem whose two tokens shed $40 billion in benefit in a span of days earlier this calendar year.”
  • Uber hack: Late Thursday night time, Uber confirmed that it is “responding to a cybersecurity incident” following a hacker seemingly breached the company’s inside community, with the hacker reportedly announcing their presence (and protesting how Uber pays its motorists) proper inside Uber’s Slack.

audio roundup

If you like TechCrunch for your eyes, test out TechCrunch for your ears. This 7 days in TechCrunch podcast land, the Fairness crew talked about how Y Combinator has advanced in recent many years, the Chain Response crew “dug into the institutional embrace of blockchains by stodgy monetary powerhouses,” and the Located group went all “greatest hits” by revisiting an job interview with Figma founder Dylan Area from earlier this calendar year.

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Stacee R. Grigg

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