Big Layoff Coming to AOL and Yahoo | Crunch Report

TL;DR

Layoffs expected at AOL and Yahoo after the Verizon merger, Microsoft acquires cybersecurity startup Hexadite, Erica Baker joins Kickstarter as Director of Engineering, and essential raises $300 million for smartphone technology.

Transcript

big layoffs coming to AOL and Yahoo after the merger microsoft buys hexade i essential raises 300 million dollars and more it's Thursday June 8th and this is crunch report good morning children welcome to another fantastic episode of the crunch report let's jump right into the news but before we do a little disclaimer TechCrunch is owned by AOL whi... Read More

Key Insights

• ❓ AOL and Yahoo are expected to undergo significant layoffs, affecting around 15% of jobs globally.
• ❓ Microsoft's acquisition of Hexadite showcases their focus on strengthening their cybersecurity capabilities.
• 🧑‍💻 Erica Baker's move to Kickstarter highlights the importance of leadership opportunities in the tech industry.
• 👨 Essential's funding success reflects investor confidence in the smartphone technology developed by the father of Android, Andy Rubin.
• 💝 Layoffs in the tech industry continue to have a significant impact on employment, with AOL and Yahoo being the latest example.
• ✋ AI-powered security technologies, such as those developed by Hexadite, are in high demand to combat evolving cybersecurity threats.
• 💪 The tech industry is making progress in terms of diversity and inclusion with strong leaders like Erica Baker moving up in their careers.

Questions & Answers

Q: How many jobs will be lost due to the AOL and Yahoo merger?

Around 15% of jobs globally, which amounts to approximately 2,100 job losses in the new company.

Q: What technology is Microsoft acquiring from Hexadite?

Microsoft is gaining next-generation AI-powered security technology that reduces the time it takes businesses to address security issues.

Q: Why did Erica Baker choose to join Kickstarter as Director of Engineering?

Erica Baker saw an immediate opportunity for advancement at Kickstarter and made the career move despite having a positive experience at Slack.

Q: How much funding has essential raised for its smartphone technology?

Essential has raised $300 million, allowing them to bring their smartphone technology to the masses.

Summary & Key Takeaways

• Around 15% of jobs will be made redundant globally at AOL and Yahoo, resulting in approximately 2,100 job losses in the new company.

• Microsoft acquires cybersecurity startup Hexadite for $100 million, gaining AI-powered security technology.

• Erica Baker leaves Slack to become Director of Engineering at Kickstarter, citing an opportunity for advancement in leadership.

• Essential, led by Android's creator Andy Rubin, raises $300 million to expand its smartphone technology.