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Hello, crunchers! Heavy goods train technology news stays down (and sometimes off).
Apropos tracks, this week we’ve got you covered with Ren’s best music video. It’s full of amazing and powerful tidbits – give yourself a 9 minute break and give it a listen! – Christine And came
TechCrunch’s Top 3
- More layoffsSequoia-backed GoMechanic is the latest to be laid off after funding failed to materialize on time. Manish Reports. The India-based auto services company is cutting 70 percent of its workforce. But wait, there’s more: Gomechanic’s founders misrepresented financial information to investors, with Gomechanic founder Amit Bhasin saying the startup “made serious mistakes that we deeply regret as we pursue growth at all costs, especially in financial reporting.”
- Can your robot do this?In Boston Dynamics’ latest Atlas video, we see the robot run, jump, and now grab and throw objects using its hands. Matt He shares more.
- If you have never seen a car with the same name, now you have: Roman From car to work to beach driving, see Kate, a new French car maker that produces tiny cars for your everyday use. A very fast golf cart only reminds us of a cutter.
Startups and VCs
The United States Department of Justice announced in a press release on Wednesday that Anatoly Legkodimov, the founder of crypto exchange Bitzlato, has been arrested for laundering more than $700 million. Amanda Reports. “Overnight, the Department worked with key partners here and abroad to disrupt China-based counterfeiting engine Bitzlato, fuel high-tech crime and arrest its founder, Russian citizen Anatoly Legkodimov,” the deputy attorney general said. Lisa O Monaco.
A lot more is happening in the startup world today.
Dear Sophie: What are the quick options for hiring someone when the time is running out?
Image Credits: Bryce Durbin / TechCrunch
Dear Sophie,
I am a very early stage startup founder. My co-founder and I are considering bringing on a third co-founder who was recently laid off. She is currently in the US where her H-1B grace period will soon expire.
What are the fastest, least risky immigration options we should consider? What is happening when the USCIS application fees can be added?
– Cautious co-founder
Three more from the TC+ team:
TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
The eviction is coming in the tech world. The latest Microsoft has announced 10,000 job cuts Paul. The company has made some layoffs in the past year, but this latest represents about 5 percent of its workforce. CEO Satya Nadella, echoing other tech companies that have recently been downsizing, said the company accelerated growth as its customers grew, but when that slowed, Microsoft had to do the same.
Cyber security company Sophos is making a similar move, laying off 450 employees globally, or about 10% of its workforce. Jagmet Reports.
Meanwhile, in good news, Apple has a new HomePod with better sound and “smartness.” Darrell He wrote. And now you know this, Brian He has some thoughts on the newly returned smart speaker.
Here are five more for you:
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