TikTok is reportedly laying off workers to cut costs
TikTok has laid off around 60 employees, mostly from its sales and advertising division, in a routine reorganization to cut costs.
ByteDance, TikTok's parent company, has previously made layoffs at Marvel Snap developer Nuverse. This is a sign of pain in the tech industry. [ more ]
Google is laying off hundreds of workers who sell ads to big businesses
Google is cutting 'hundreds of roles' on its advertising sales team, following recent layoffs in other divisions.
The company is reorganizing its ad sales unit to use machine learning to help customers buy more ads on flagship products like Google Search and YouTube. [ more ]
Worried about falling behind, Apple reorganizes around AI | Semafor
Apple is developing an in-house generative AI tool to improve Siri amid concerns of losing dominance in the smartphone market due to advancements by other companies. [ more ]
Audacy rebrands Cadence13 into Audacy Podcasts group while keeping Pineapple Street Media's brand identity.
Acquisitions and reorganizations in the podcasting space reflect the trend of major companies expanding their presence in the podcast industry. [ more ]
Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month
Crypto mining company Core Scientific has received approval for its Chapter 11 reorganization plans and expects to re-list its shares on Nasdaq by the end of this month.
Under the reorganization plan, the company will pay its existing debt in full and existing shareholders will get about 60% of the new company's equity. [ more ]