Adobe buys Figma, Uber gets hacked, and Google shrinks Area 120 • TechCrunch

Hello, pals! Welcome back to 7 days in Review, the e-newsletter where by we quickly sum up the most study TechCrunch stories from the previous sevenish days. The intention? Even if you’ve experienced a chaotic 7 days, a rapid skim of WiR should really keep you in the (tech) loop.

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This week was a bit all more than the position, with another major tale breaking each individual couple hrs. Let’s just drop suitable in, shall we?

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• Cutbacks at Place 120: Spot 120 is Google’s in-property incubator, meant to enable Googlers with potentially huge concepts faucet the mega company’s assets to flip claimed tips into a little something true. This week, nonetheless, Google confirmed that it is slashing fifty percent of the Place 120 projects at present in development, with the incubator “shifting its focus” to AI initiatives. Impacted staff are getting offered till early 2023 to locate a new career in Google.
• Adobe buys Figma: In a person of the biggest tech acquisitions of all time, Adobe announced this week its intent to purchase the collaborative/world-wide-web-centered structure device Figma for a whopping $20 billion. Figma observed absurd advancement in the course of the pandemic, as several, quite a few tech groups went remote and modified their workflows accordingly. Even for a enterprise as major as Adobe, successful that part of the workflow back would’ve been difficult.
• Layoffs at Twilio: Twilio verified this week that it’ll lay off roughly 11% of its workforce — somewhere involving 800 and 900 folks — as the enterprise focuses on achieving profitability in 2023.
• iOS 16 goes reside: As expected, iOS 16 rolled out to Apple products this 7 days. Want our ideas on it? Find Romain’s critique right here. Want to know all of the not-so-noticeable new functions hiding inside the update? Examine out Ivan’s listing. Most of our viewers feel to be wanting for interesting ways to use individuals new Lock Screen widgets.
• South Korea difficulties an arrest warrant for Terraform Labs’ founder: “A courtroom in South Korea has issued an arrest warrant for Do Kwon, the founder of Terraform Labs,” writes Manish, “escalating its probe into the crypto ecosystem whose two tokens missing $40 billion in worth in a span of days previously this yr.”
• Uber hack: Late Thursday night time, Uber verified that it is “responding to a cybersecurity incident” soon after a hacker seemingly breached the company’s inside network, with the hacker reportedly saying their presence (and protesting how Uber pays its drivers) ideal in just Uber’s Slack.

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If you like TechCrunch for your eyes, test out TechCrunch for your ears. This week in TechCrunch podcast land, the Equity group talked about how Y Combinator has developed in new years, the Chain Response crew “dug into the institutional embrace of blockchains by stodgy money powerhouses,” and the Found group went all “greatest hits” by revisiting an job interview with Figma founder Dylan Discipline from before this year.

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