Adobe buys Figma, Uber will get hacked, and Google shrinks Area 120

Hello, buddies! Welcome again to Week in Review, the e-newsletter the place we rapidly sum up probably the most learn TechCrunch tales from the final sevenish days. The aim? Even should you’ve had a busy week, a fast skim of WiR ought to preserve you within the (tech) loop.

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This week was a bit far and wide, with one other huge story breaking each couple hours. Let’s simply drop proper in, we could?

most learn

• Cutbacks at Area 120: Area 120 is Google’s in-house incubator, meant to let Googlers with probably huge concepts faucet the mega firm’s sources to show stated concepts into one thing actual. This week, nonetheless, Google confirmed that it’s slashing half of the Area 120 tasks at present in improvement, with the incubator “shifting its focus” to AI tasks. Impacted workers are being given till early 2023 to discover a new job inside Google.
• Adobe buys Figma: In one of many largest tech acquisitions of all time, Adobe introduced this week its intent to purchase the collaborative/web-based design device Figma for a whopping $20 billion. Figma noticed ridiculous progress all through the pandemic, as many, many tech groups went distant and adjusted their workflows accordingly. Even for an organization as huge as Adobe, profitable that a part of the workflow again would’ve been powerful.
• Layoffs at Twilio: Twilio confirmed this week that it’ll lay off roughly 11% of its workforce — someplace between 800 and 900 individuals — as the corporate focuses on reaching profitability in 2023.
• iOS 16 goes stay: As anticipated, iOS 16 rolled out to Apple units this week. Want our ideas on it? Find Romain’s evaluation right here. Want to know the entire not-so-obvious new options hiding throughout the replace? Check out Ivan’s record. Most of our readers appear to be searching for fascinating methods to make use of these new Lock Screen widgets.
• South Korea points an arrest warrant for Terraform Labs’ founder: “A court 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 lost $40 billion in value in a span of days earlier this year.”
• Uber hack: Late Thursday night time, Uber confirmed that it’s “responding to a cybersecurity incident” after a hacker seemingly breached the corporate’s inner community, with the hacker reportedly saying their presence (and protesting how Uber pays its drivers) proper inside Uber’s Slack.

audio roundup

If you want TechCrunch in your eyes, try TechCrunch in your ears. This week in TechCrunch podcast land, the Equity workforce talked about how Y Combinator has developed lately, the Chain Reaction crew “dug into the institutional embrace of blockchains by stodgy financial powerhouses,” and the Found workforce went all “greatest hits” by revisiting an interview with Figma founder Dylan Field from earlier this yr.

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