TECHNOLOGY

Meta's Threads app has seen a significant decline in daily active Android users and people are spending less time on the app just over a month after it took social media by storm.

Meta is rehiring some of the employees affected by multiple rounds of layoffs at the company since November, and some are reportedly getting lower salary offers or lower positions.

Mobile Premier League (MPL) is reportedly laying off around 50% of its global workforce, weeks after India's GST announced a 28% tax on online gaming platforms that the industry said would burden both companies and players.

Rapid7, which has been at the center of takeover reports in the past months, announced an 18% reduction in its global workforce. More than three dozen cybersecurity firms have implemented layoffs in 2023.

Users can now utilize voice commands through Monocle's AR device, enabling a truly hands-free experience with ChatGPT's capabilities.

A study in February revealed that cybersecurity teams will be less likely affected by the wider tech reckoning, but several cybersecurity companies have already implemented job cuts this year.

CEO Will Marshall said Planet has had increased costs and business complexity since it went public in December 2021. Furthermore, changes in the macroeconomic environment also affected the company.

London-based Kape Technologies has laid off around 180 employees, citing a restructuring process at the cybersecurity firm that owns ExpressVPN. Kape joins 901 other tech companies that implemented job cuts so far this year.

As other big tech companies continue to release new AI products and announce AI collaborations, Apple, known for wrapping its products in secrecy, is reportedly working on AI tools that could challenge the likes of OpenAI's ChatGPT.

FibroGen joins Illumina and Genentech in implementing job cuts among Bay Area biotech firms this year.

Microsoft reportedly eliminated more than 1,000 jobs in the past week, affecting customer service and sales units the most. The company has been investing heavily in AI in recent months.

Video-sharing app TikTok has rolled out beta testing for its music streaming service in three more countries after previously launching the service in Brazil and Indonesia. The move could allow the ByteDance-owned company to compete with Spotify and other dominant players in the industry.

Celebrity greeting app Cameo is cutting its staff again after laying off employees last year. The company admitted to hiring too fast during the pandemic and is now looking to operate with a "more streamlined" workforce.

Binance's legal troubles are mounting, and recent reports suggest the company is reducing its workforce in the thousands days after a string of executive exits.

The FTC wants OpenAI to "describe in detail" multiple aspects of its business, including how it trains each LLM and collects data to train chatbots and also details of its risk management practices.

Another Indian edtech startup seems to have fallen victim to a funding crunch that has been biting the industry since the educational system started reverting back to offline learning as Skill-Lync reportedly cut around 200 jobs.

Two software companies have implemented workforce cuts this week as the software sector continues to experience the brunt of a wider tech reckoning.

There was a time when Japan was the world's largest semiconductor but in the past decades, the country's chip industry declined. With the government propping Rapidus up, will Japan finally make a comeback in the global stage?

FrontRow offered courses from a host of Indian influential people, including cricket player Suresh Raina and playback singer Neha Kakkar. The edtech startup raised over $17 million across two funding rounds.

Microsoft has had earlier mass layoffs, and Evernote also cut more than 100 workers in February, just months after the company was acquired by Bending Spoons.

Utah is looking to take social media companies to court over the alleged harm their products bring to the youth. Gov. Spencer Cox previously said he was expecting legal challenges from involved companies, and there have been concerns about the state's social media law possibly being unconstitutional.

Artificial intelligence continues to break norms and extend through various applications, and Google is diving into the world of possibilities with its work on a medical chatbot that it believes could handle healthcare conversations better than ChatGPT, Bing, or even its own Bard.

Microsoft is expected to hit $3 trillion in valuation through its work on artificial intelligence. Morgan Stanley has high hopes for the software giant, saying it has a 22% upside potential due to its "pole position" in the generative AI arms race.

Deel, valued at $12 billion, is the subject of a letter from a California state senator who wants to have the startup investigated over alleged dubious business practices, specifically with its employment classification system.

Threads is flying high after its glorious day one, but Twitter is not letting the "copycat" app celebrate too soon. Twitter lawyer Alex Spiro wrote to Meta CEO Mark Zuckerberg, accusing the social media giant of utilizing the knowledge of ex-Twitter-now-Meta-employees about Twitter trade secrets to develop Threads.

Meta has rolled out Threads, dubbed by some as a 'Twitter killer,' but there are increasing concerns about the massive trove of data that the Instagram-developed app collects.

Taiwan's chip giant TSMC said Thursday it did not expect any direct effect on production from China's latest export controls on two rare metals essential for making semiconductors.

Stripe is cutting jobs again, nearly eight months after it eliminated more than 1,000 roles. The company recently acquired analytics software company Okay and forged a partnership with Google Workspaces.

Pokémon GO maker Niantic is letting 230 workers go as part of its cost-cutting strategy, which also includes the shelving of two games. The company previously cut its staff in June last year and canceled four projects.