Cruise cuts 900 jobs as revamp gets underway

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( By [Christine Hall]( Thursday, December 14, 2023 In today’s top story, Kirsten learned exclusively that General Motors’ self-driving car division Cruise was slashing 24% of its workforce. Most of the cuts are being made in non-engineering positions. [Get more of the scoop](. This follows Kirsten’s coverage yesterday of [a number of Cruise managers and executives leaving]( after an initial safety probe involving a pedestrian that was struck and dragged by one of the company’s robotaxis. Meanwhile, Ivan writes about a new Instagram feature that enables generative AI–powered editing of photo backgrounds. [See it in action](. And Lorenzo has a look at a supply chain attack that targeted Ledger, a company that makes hardware and software for crypto wallets. [Learn how it started](. [ image] Image Credits: Justin Sullivan / Getty Images More top reads Mega deal: India’s Udaan, a business-to-business e-commerce startup, scores $340 million in new funding. [Read about one of India’s largest funding deals this year](. Not just human, but superhuman: OpenAI thinks superhuman AI is coming and, of course, wants to build tools to control it. [Here is the company’s plan](. A dose of their own medicine: Microsoft disrupts a cybercrime operation by selling fraudulent accounts to a notorious hacking gang. [Take that](! Mission accomplished: Amazon’s Project Kuiper confirms its super-fast satellite communication tech works in space. [Learn more](. Connected home: Google Nest Renew and OhmConnect merge into “Renew Home” with a $100 million boost from Sidewalk Infrastructure Partners. [Here’s how it will work](. No strings attached: Meta’s Threads is finally available to users in the European Union. [Welcome](! At it again: Apple again targets iMessage-on-Android app Beeper, but the company isn’t taking it lying down. [There’s a fix](. A good sign: Paris-based venture capital firm Singular raises $435 million for its second fund. [Learn more](. You’ve got email . . . and a calendar: Encrypted email service Proton Mail finally gets its own desktop app. [See what you get](. Pivot: Jumia, a Pan-African e-commerce company, discontinues its food delivery across seven markets, instead shifting focus to expanding its physical goods business. [Here’s why](. The elephant in the social media room: Mastodon founder touts Threads’ federation, saying it makes his X rival “a far more attractive option.” [Get the scoop](. Shop till you drop: Social commerce platform Maka raises $2.65 million to simplify buying fashion and beauty products in Africa. [Read more](. Pay for play: Andreessen Horowitz says it will give literally any politician money if they help deregulate tech. [Call it optimism](. Even more for your Thursday: [Spotify confirms test of prompt-based AI playlists feature]( [Temu’s latest lawsuit against Shein is wild]( (TC+) [Boston Dynamics joins forces with firm behind ‘Avatar,’ ‘Jurassic Park’ animatronics]( [Linktree acquires link-in-bio platform Koji in its second investment of the year]( [BoxGroup closes on $425M for two funds to back early-stage startups]( [More top reads image] Image Credits: Dhiraj Singh / Bloomberg / Getty Images [On the pods]( For this week’s episode of [Chain Reaction](, Jacquelyn interviewed Johann Kerbrat, the general manager of crypto at Robinhood. Johann is leading the application’s effort to expand its crypto exchange business and make digital assets more accessible to retail investors. We discussed Robinhood’s expansion outside the U.S., how the platform restricted holding and trading of certain crypto assets in June, and where it stands today. We also talked about: - Appealing to mainstream audiences. - Growing crypto on its platform. - Regulatory concerns. - Robinhood’s 2024 objectives. Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on[Apple Podcasts,]([Spotify](or your favorite pod platform to keep up with the action. [Read More]( [On the pods image] Image Credits: Bryce Durbin [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Michigan Online, Software Engineer at University of Michigan (Ann Arbor, MI, USA)]( - [Senior Software Engineer at Opus (New York, NY, USA)]( - [Director of Sales at Opus (New York, NY, USA)]( - [Mid Full Stack Software Developer at Gene by Gene, Ltd (Houston, TX, USA)]( - [Cloud Engineer Lead at Itemize Corp. (Anywhere)]( [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