Yahoo Slashing 15% of Its Workforce | Crunch Report

TL;DR

Yahoo confirms 15% workforce layoff, Apple event scheduled for March 15th, and Uber changes its app icon.

Transcript

mark your calendars because we got a new apple event next month Yahoo announces big layoffs uber changes its app icon to the horror of millions and more it's Tuesday februari seconds and this is crunch report hello alright let's just get this one right out of the way yahoo has confirmed plans today to lay off approximately fifteen percent of its wo... Read More

Key Insights

• 💇 Yahoo is making significant job cuts as part of its cost-cutting strategies and responding to pressure from activist investors.
• 👶 Apple is expected to announce new products, including a 4-inch iPhone and a new iPad, at its upcoming event on March 15th.
• 🤩 Facebook's f8 developer conference will provide insights into the company's new products and give developers a chance to interact with key teams.
• 📱 Mophie's acquisition by Zagg showcases the consolidation in the smartphone accessory market.
• 💪 Magic Leap's significant funding round indicates strong investor interest in its AR/VR technology, despite not having released a consumer product yet.
• 😀 Uber's change in app icon has garnered mixed reactions from users, highlighting the challenge of rebranding for established brands.
• 🧑‍💻 The Crunchies awards event is happening soon, providing an opportunity to celebrate and recognize innovation in the tech industry.

Questions & Answers

Q: What are the details of Yahoo's layoffs?

Yahoo plans to lay off around 15% of its workforce, with most job cuts expected in the first quarter of 2016. The company aims to reduce costs and has been under pressure from activist investors like starboard value to make changes.

Q: What can we expect from the upcoming Apple event?

The rumored products to be unveiled at the March 15th Apple event are a new 4-inch iPhone and a new iPad. However, there won't be a new Apple Watch model with redesigned hardware.

Q: What is the purpose of Facebook's f8 developer conference?

Facebook's f8 developer conference serves as a platform for announcing new products and hosting developer sessions. Attendees get a chance to interact with teams from Whatsapp, Oculus, and Facebook itself.

Q: Who has acquired Mophie and for how much?

Zagg, known for its invisible shield screen protectors, has acquired Mophie, maker of the popular juice pack smartphone battery cases. The deal is valued at $100 million, with an earn-out plan based on Mophie's performance over the next year.

Summary & Key Takeaways

• Yahoo plans to lay off 15% of its workforce as part of cost-cutting strategies, with most job cuts expected in Q1 2016.

• Apple is rumored to have an event on March 15th, where a new 4-inch iPhone and a new iPad may be unveiled.

• Facebook's f8 developer conference will take place on April 12th and 13th, showcasing new products and hosting developer sessions.

• Mophie, maker of popular smartphone battery cases, has been acquired by Zagg for $100 million.

• Magic Leap, an AR/VR technology company, raises $793.5 million in a series C funding round led by Alibaba.

• Uber changes its app icon to a donut-like design, eliciting mixed reactions from users.