Google, Microsoft-backed VerSe Innovation cuts 5% of workforce, reduces salaries

India’s VerSe Innovation — the $5 billion Indian startup behind news aggregator Dailyhunt, short-video platform Josh, and hyperlocal video app PublicVibe — has cut 150 employees, or 5% of its workforce of 3,000, TechCrunch has learned and confirmed. The Bengaluru-based startup informed impacted employees on Friday and separately held a town hall meeting on Monday…

A scale story: TechCrunch’s parent company links up with Taboola

Folks often ask if Crunchbase and TechCrunch are still the same company (nope). Many express surprise that AOL was once this publication’s sole parent (yep). The saga of Who Owns TechCrunch is actually somewhat interesting. Various corporate developments over the last decade saw TechCrunch trade hands several times, including our most recent ejection from Verizon…

Open-source security really shouldn’t be this leaky

As businesses become increasingly reliant on free and open source (FOSS) software, unnecessary risks to their security posture are being taken.  That’s according to the latest report from software supply chain security firm Sonatype, which paints a dire picture of the types of open-source software that businesses are relying on, perhaps as a means to…

Cyber Monday fitness deals: I’m kitting myself out to hit my 2023 workout goals

As TechRadar’s resident fitness and wellbeing editor, I’m using the Cyber Monday deals to help myself and others get ready to hit our 2023 fitness goals.  Normally, I’ve got a list: attend a certain number of yoga classes, deadlift a certain amount, complete a full set of 10 strict-form pull-ups, and so on. However, I’ve…

The Fed will slash rates by 200 basis points by mid-2024 after staying hawkish in the short term, Deutsche Bank says

Fed Chairman Jerome Powell. OLIVIER DOULIERY/Getty Images The Fed will cut interest rates by 200 basis points by the middle of 2024, according to Deutsche Bank.  But analysts expects the central bank to remain hawkish in the near-term.  Deutsche Bank increased its view on the terminal rate and now sees it hitting 5.1% in May. …

Elon Musk says Twitter is recruiting just weeks after laying off half the company’s staff

Elon Musk sent Twitter staff a memo on Thursday confirming job cuts would be announced on Friday. Carina Johansen/Getty Images Elon Musk shared slides from a Twitter company presentation online. “We’re hiring,” one slide read. Its jobs site doesn’t show any open roles, but The Verge reported it was headhunting engineers. Since Musk bought Twitter,…