Technology

The U.S. government announced new sanctions against North Korea related to its army of illicit IT workers that have fraudulently gained employment to finance the regime’s weapons of mass destruction programs. North Korea maintains thousands of “highly skilled” IT workers around the world, primarily in China and Russia, which “generate revenue that contributes to its […]

US government targets North Korea’s illicit IT workforce with new sanctions by Carly Page originally published on TechCrunch

Meta is waging its latest round of layoffs on Wednesday, estimated to impact about 6,000 people. These cuts are part of the company’s so-called “Year of Efficiency,” in which Meta is being massively restructured to save money and flatten the organization structure. Employees knew the layoffs were coming. Meta founder and CEO Mark Zuckerberg announced […]

Meta conducts yet another round of layoffs by Amanda Silberling originally published on TechCrunch

Ten months into his tenure as CEO at Red Hat, Matt Hicks has had to deal with myriad issues from the economy to emerging AI.

Ten months after promotion, Red Hat CEO Matt Hicks navigates layoffs and AI’s rise by Ron Miller originally published on TechCrunch

Music streaming platform SoundCloud has laid off 8% of its staff according to multiple reports. The fresh round of job cuts comes after the company laid off 20% of its employees last August. In a memo sent to staff — seen by Variety — CEO Eliah Seton said that SoundCloud is reducing headcount to get […]

SoundCloud lays off 8% of staff as it aims to reach profitability this year by Ivan Mehta originally published on TechCrunch

I spent a bit of time at Figure’s Sunnyvale offices during a recent visit to the South Bay. The firm is currently in that semi-awkward phase where it’s ready to talk about what it’s working on — but only to a point. That means things like its process and plans are on the table, while […]

Figure raises $70M to build its humanoid robots by Brian Heater originally published on TechCrunch

Here’s a quick rundown of three climate tech funding rounds that caught our attention.

What’s getting funded in climate tech: Managing ESG data, supplying fusion startups and removing carbon by Tim De Chant originally published on TechCrunch

The $79 billion sneakers (or “trainers,” for our U.K. readers) industry has spawned a lucrative resale market, expected to hit $30 billion by the end of the decade — up from $5 billion in 2020. Some have even called sneakers an alternative asset class, an investable product that can be bought and sold on for […]

Laced, a UK-based resale marketplace for authenticated premium sneakers, raises $12M by Paul Sawers originally published on TechCrunch