Technology

LinkedIn is cutting 716 jobs and will begin phasing out its local jobs app in China. In a letter today, LinkedIn CEO Ryan Roslanky said the decision to shutter the standalone China app, called InCareer, was because of “fierce competition and a challenging macroeconomic climate.” While reducing some roles, LinkedIn, which is owned by Microsoft, […]

LinkedIn cuts 716 jobs as it phases out its China app by Catherine Shu originally published on TechCrunch

Shopify last week announced that it would be the latest big tech firm to undergo mass layoffs. The company is cutting 20% of its 11,600-person staff. The news arrived during earnings that beat Wall Street expectations, shooting its stock price up as a result. Also included in the announcement was news that the Canadian e-commerce […]

Shopify sells 6 River Systems to new owner by Brian Heater originally published on TechCrunch

Casey Handmer is not intimidated by very large quantities. Trillions of acres. Thousands of gigawatts of solar power. A billion metric tons of carbon. His startup, Terraform Industries, aims to operate at these ambitious scales. The company wants to turn hydrogen and atmospheric carbon into synthetic natural gas at scale. It’s more than a little […]

Terraform Industries wants to solve climate change by making more hydrocarbons by Aria Alamalhodaei originally published on TechCrunch

Conferences and other in-person events rushing to impose facial recognition on attendees in Europe without doing the necessary due diligence over data protection risks beware: The organizers of the global connectivity industry shindig, Mobile World Congress (MWC), which takes place annually in Barcelona, have been fined €200,000 (~$224k) by Spain’s data protection watchdog over a breach […]

MWC’s organizer slapped with GDPR fine over biometrics ID checks due diligence by Natasha Lomas originally published on TechCrunch

A number of brand-name mainstream financial institutions have been rolling out new crypto products and services in an attempt to make the space more accessible.

Mastercard, PayPal and Robinhood dive deeper into crypto as industry shows ‘promise’ by Jacquelyn Melinek originally published on TechCrunch

Crackdowns on the smuggling of U.S. technology in support of Russia’s war effort has wider implications for the tech industry.

Western sanctions against Russia: Tips for tech companies managing compliance risk by Walter Thompson originally published on TechCrunch

Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Today, we are talking about meme coins, unicorns and the latest from India! […]

Shrinking unicorns and the embarrassment of meme coins by Alex Wilhelm originally published on TechCrunch