CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn’t need as many support roles.
Truecaller’s ad revenue declined by 44%, leading to the layoffs.
The restructuring is aimed at addressing market volatility and increasing the use of AI tools to improve efficiency.
Former Tesla executive Chris Lister is retiring, and at least three other VPs have left Redwood around the recent restructuring, TechCrunch has learned.
In 2021, Anjuna Security was growing fast, hiring aggressively, and chasing a market that seemed limitless. By the end of that year, the venture-backed cybersecurity company had scaled to around 75 employees, building out sales, customer success, and s…
Epic Games also increased the price of V-Bucks, the Fortnite in-game currency.
Altman expresses gratitude for people who knew how to write their code from scratch. The internet replies with salty jokes.