Daily Crunch: Facebook embraces remote work

Daily Crunch: Facebook embraces remote work

Facebook takes extra steps to help and develop a distant workforce, IBM publicizes layoffs and TechCrunch’s large annual convention goes digital. (I do know, I do know — I’ve combined emotions about it, too.)

Here’s your Daily Crunch for May 22, 2020.

1. Facebook makes large distant work strikes with plan for brand spanking new hubs in Dallas, Denver and Atlanta

Facebook CEO Mark Zuckerberg estimated that over the course of the subsequent decade, half of the corporate could possibly be working totally remotely. As the subsequent step towards that aim, Facebook will probably be organising new firm hubs in Denver, Dallas and Atlanta.

For Menlo Park staff searching for greener pastures, there’s one sizable catch. Starting on January 1 of subsequent yr, the corporate will localize all salaries, which implies scaling compensation to the native price of dwelling.

2. IBM confirms layoffs are occurring, however received’t present particulars

IBM isn’t sharing particulars, however analyst Patrick Moorhead stated. “I’m listening to it’s a balancing act between enterprise items. IBM is shifting as many assets as it could to the cloud.”

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3. TechCrunch Disrupt 2020 goes digital

As you’ll be able to think about, that is largely as a result of influence that the coronavirus has had on the world. But it additionally provides us an opportunity to make our occasion much more accessible to extra individuals than ever earlier than, and Disrupt will now stretch over 5 days — September 14-18.

4. Netflix to start out cancelling inactive clients’ subscriptions

Netflix stated it is going to ask clients who haven’t watched something in a yr or extra in the event that they wish to preserve their subscription. If it doesn’t hear again, it is going to cancel their membership.

5. API startups are so sizzling proper now

Alex Wilhelm appears at FalconX, Treasury Prime, Spruce,, Skyflow and Evervault — all API-focused startups which might be experiencing some early success. (Extra Crunch membership required.)

6. Magic Leap has apparently raised one other $350 million, regardless of itself

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Magic Leap has reportedly obtained a $350 million lifeline, a month after slashing 1,000 jobs and dropping its client enterprise. Noted by Business Insider and confirmed by The Information, CEO Rony Abovitz despatched a word to employees saying the funding, courtesy of unnamed present and new traders.

7. Cake brings a Swedish tackle e-motorcycle design to the US

The Stockholm-based mobility startup’s debut, the Kalk OR, is a 150-pound, battery-powered two-wheeler engineered for agile off-road using and obtainable in a street-legal model.

The Daily Crunch is TechCrunch’s roundup of our largest and most essential tales. If you’d wish to get this delivered to your inbox daily at round 9am Pacific, you’ll be able to subscribe right here.


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