May 2023

Netflix reportedly plans to cut spending by $300 million this year

May 12, 2023

Netflix is planning to cuts its spending by $300 million this year, according to a new report from the Wall Street Journal. The report indicates that part of the reason why the streaming giant is looking to cut costs is because it delayed its plans to crackdown on password sharing in the U.S. and elsewhere […]

Netflix reportedly plans to cut spending by $300 million this year by Aisha Malik originally published on TechCrunch

Autonomous delivery startup Nuro to lay off 30% of workforce

May 12, 2023

Autonomous delivery robot startup Nuro will lay off 30%, or about 340 employees, across the company as part of a restructuring meant to extend its capital runway. Earlier this week, Nuro co-founders Dave Ferguson and Jiajun Zhu explained in a blog post that the company would cut staff and shift resources away from commercial operations […]

Autonomous delivery startup Nuro to lay off 30% of workforce by Kirsten Korosec originally published on TechCrunch