Tech layoffs are back: LinkedIn to cut another 668 jobs, Flexport to shed 600

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( By [Christine Hall]( Monday, October 16, 2023 Technology company layoffs continue, my fellow Daily Crunchers. In today’s top story, [LinkedIn confirms it will cut 668 jobs]( — this brings it up to 1,400 this year if you are keeping count — as the company leans into AI. Meanwhile, Flexport is getting its house in order since [ousting its CEO](. However, that restructuring is coming with some [layoffs of about 20% of its workforce](. Meanwhile, General Catalyst and European early-stage fund La Famiglia came together to invest in European startups. [Read how the partnership will work](. And if you were wondering if people cared about AI apps, a new study finds they do. Well, at least Mac users do — to the tune of 42% using AI apps daily. [Get the scoop](. [ image] Image Credits: Smith Collection/Gado / Getty Images [Lifecycle marketing for product-led growth]( Sponsored by [Customer.io]( [Download our guide to learn from experts at Whimsical, Air, and Chameleon on how to enhance your product’s value through ongoing lifecycle marketing; covering activation, onboarding, retention, expansion, cross-selling, churn prevention & win-back.]( [Download Here]( More top reads Now you can wear your favorite Spotify artist: The entertainment streaming service is launching a personalized in-app Merch Hub. [Check it out](. It’s an AI kind of day: Creative Force closes on $8.9 million to give e-commerce workflows an AI treatment. [Marketing just got a little easier](. Seeding rounds: Startup valuations may be coming down, but Alex notes that seed investments are going the other way, leading him to ask:[Will seed deals ever stop getting more expensive?]( (TC+) X meets a fine: Australia fines X for failing to provide information about child abuse content. [X left some questions blank](. More AI: YouTube gets new AI-powered ads that let brands target special cultural moments. [Get to know Spotlight Moments](. All the tools in the palm of your hand: Live commerce startup TalkShopLive launches a new app for sellers to broadcast on mobile. [See why this feature was a consistent ask by users](. Seeing is believing: Xpanceo, a deep tech startup, raises $40 million to focus on smart contact lenses. [It’s a computer, but in your eye](. This company is actually full of hot air: Urban Sky closes on a $9.75 million Series A to scale Earth-imaging operations using reusable balloons. [Check out the view from up there](. Compliance is complex: Leucine, now with $7 million in new funding, is out to make drug manufacturing compliance less onerous. [Here’s how](. ByteDance means business: ByteDance’s video editor CapCut targets businesses with AI ad scripts and AI-generated presenters. [Meet CapCut for Business](. Data data everywhere: Observability startup Pantomath lands $14 million to automate data pipelines. [Read more](. Weekend warriors you may have missed: [Where’s the innovation in induction kitchens?]( (TC+) [How founders can cut through the noise and find events that are actually worth it]( (TC+) [How roboticists are thinking about generative AI]( [How generative AI is creeping into EV battery development]( [More top reads image] Image Credits: Spotify [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Product Manager, Platform Integrations at Black Kite (Boston, MA, USA)]( - [Information Technology Asset Manager at Pennsylvania Turnpike Commission (Middletown, PA, United States)]( - [Senior Full Stack Developer - LAMP at Nylon Technology (New York, NY, USA)]( - [Application Support Software Engineer- .Net at American Registry of Radiologic Technologists (St Paul, MN, USA)]( - [Research Software Developer - Advanced Radar Techniques Team at University of Oklahoma (Norman, OK, USA)]( [See more jobs on CrunchBoard]( [Post your tech jobs]( and reach millions of TechCrunch readers for only $200 per month. [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Flipboard]( [View this email online in your browser]( [Privacy Policy]( | [Terms of Service]( | [Unsubscribe]( © 2023 Yahoo. All rights reserved. 110 5th St, San Francisco, CA 94103