TikTok parent begins mass layoffs in gaming unit

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( By [Christine Hall]( Monday, November 27, 2023 In today’s top story, there is trouble over at ByteDance — TikTok’s parent company. Rita reports that after two years, ByteDance is starting mass layoffs in its gaming business unit. No one is giving numbers other than the unit was around 3,000 people as far back as 2021. [Find out why it was such a surprise](. Meanwhile, Sarah has your look at Amazon’s new thin hardware for accessing virtual desktop environments, and [why it looks just like a Fire TV Cube](. And Lorenzo has an update on the cyberattack that plagued Fidelity National Financial last week, writing that homeowners and buyers have been left wondering what’s going on. [And wanting to know where their money is](. [ image] Image Credits: Andry Djumantara / Getty Images More top reads Out of stealth: PhysicsX launches with $32 million for AI to power engineering simulations. [Learn about the problem it is tackling](. Doing the splits: Mozaic grabs $20 million in new funding to build a payment-splitting solution for creators. [Read more](. Movement at the top: Byju’s taps Jiny Thattil as CTO following the departure of Anil Goel. [Meet Jiny](. Slip me some skin: Dbrand, a company that makes gadget skins, is suing Casetify over stolen designs. [Find out what happened](. EverExperimenting: Evernote pushes users to upgrade with the test of a free plan limited to only 50 notes. [See how this affects users](. All zeros and ones: Haje built a tool that uses AI to parse through pitch decks. Most of the time the machine did its job. However, when it didn’t, it was bad. Here’s why Haje says[your pitch deck needs to be machine-readable](. (TC+) Cyber fought the law and cyber won: A cyberattack on a legal tech provider is causing widespread disruption to U.K. law firms. [Learn what happened](. I think they let it Lapse: Lapse, a photo app that forced users to invite friends, is seeing that business model run out of steam. [Here’s why](. Digital doctor: RepeatMD lands capital to grow its aesthetics and wellness booking business. [Read more](. Unicorn down: Prefab home builder Veev is reportedly shutting down after reaching unicorn status last year. [Get the scoop](. Your daily AI update: Now that we’ve had time to digest what’s happened at OpenAI, Kyle is here to tell you that contrary to reports, [OpenAI probably isn’t building humanity-threatening AI](. Meanwhile, there are reasons to be wary of Grok, Darrell writes. With all these AI chatbots out there, [will Elon Musk and the ultra-rich replace the masses](? Weekend warriors you might have missed: [What startup founders need to know about AI heading into 2024]( (TC+) [Reflections on Web Summit: Out of the frying pan, and out of the fire?]( [Neuralink, Elon Musk’s brain implant startup, quietly raises an additional $43M]( [Black Friday online buying hits a record $9.8B in the US, $70.9B globally]( [Fate of US venture capital in China teeters on uncertainty]( Stories that posted while you were busy eating: [Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss]( [Adobe: Thanksgiving US online sales nudge up to $5.6B; Salesforce: $31.7B spent globally]( [Saviu Ventures’ second fund reaches €12 million first close to back Francophone Africa startups]( [I’m trying so hard not to gush over Teenage Engineering’s latest gadget]( [If I’m being honest, I didn’t have what it takes to be a founder]( (TC+) TechCrunch Early Stage 2024 It’s Cyber Monday all week for TechCrunch Early Stage 2024 passes. On April 25 in Boston, expert-led, hands-on sessions give new and aspiring founders help, not hype. Now through November 28 at 11:59 p.m. PT, [buy a founder or investor pass for just $99](! [TechCrunch Early Stage 2024 image] [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Business Systems Supervisor at Pennsylvania Turnpike Commission (King of Prussia, PA, USA)]( - [Temporary IT Associate at City of Newport (Newport, OR, USA)]( - [IT Network and Telecommunications - Journey at Washington State Department of Natural Resources (Olympia, WA, USA)]( - [Staff Software Engineer at Slang.ai (New York, NY, USA)]( - [Cloud & IT Security Engineer at AAOS (Rosemont, Illinois, USA)]( [See more jobs on CrunchBoard]( [Post your tech jobs]( and reach millions of TechCrunch readers for only $349 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