Readers, it’s the top of the morning I’m your host, Jordan Parker Erb. You may recall Snap’s shocking surprise to employees a few weeks back. 20% reduction in staff?
Well now, some of those laid-off employees are having trouble keeping up with demand from recruiters — and some say they’ve received reachouts from More than 70 companies.
Before we begin: Jack Dorsey is to be deposed today in the $44 billion Twitter court case. Here are some things that you will need to know in advance of his questioning.
Let’s now dive in.
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1. Snap workers describe the “overwhelming” recruiter outreach as a lad-off.Some ex-workers were sent to the Inboxes after the company fired 20% of its employees. Filled with messagesFrom TikTok, Netflix, and Facebook recruiters.
- Snap laid off employees in September, following a slowdown in hiring earlier in 2022. Snap has been experiencing a slowdown in hiring. The mass layoffsSome teams saw their budgets cut by up to 40%
- Former employees who lost their jobs told Insider they had received many messages from recruiters as they tried to find work. One person claimed they received over 100 LinkedIn connections and 75 invitations to interview for jobs with recruiters.
- Another laid off worker said the lucrative perks that lured them into the industry simply aren’t worth the instability for now — and that they aren’t “looking to jump right back into tech at all.”
We asked Snap employees who were laid off.
Other news:
Figma
2. Dylan Field is a 30-year-old college dropout and the man who created Figma. Insider spoke with Field, his peers and colleagues about their journey and the lessons they’ve learned. We also discussed how Figma will lead Adobe’s bid for $20 billion to purchase design software startup Figma. Learn more about Field in our chat.
3. Rockstar Games confirmed a large hack.After looking through a collection of 90 Unreleased “Grand Theft Auto VI” videosLeaked information was confirmed by the company that it had been “infected by a network.” We know a lot about hacking.
4. Top investors shared their picks of the most promising fintechs. Insider interviewed more than 40 investors about their views on the disruptive fintechs in the world of investing, trading and banking. These are their top picks for the 61 most promising startups.
5. California is taking aggressive action to protect online children. Last week, a new bill was signed that prohibits companies from tracking children’s location data. It also forces websites to use the most privacy settings as a default for minor users. All we know about the bill.
6. Major tech companies are interested and able to create a new tool for US Army. Salesforce, Oracle and IBM expressed interest in building a prototype for managing the deployment of troops and the supply and distribution missiles, guns and other weapons. We know what we know so far.
7. Some iPhone 14 Pro users have issues using social media apps with their camera. Reddit, Twitter, and TikTok users have shared videos of their cameras shaking and rattling during use of apps like Snapchat and TikTok. Apple announced that an update will be released to fix the issue in the next week. The complete story is available here.
8. One Sequoia partner shares his tips to land a spot at the ultracompetitive accelerator. Sequoia Capital has launched Arc, a program to assist founders with their startup development. Jess Lee, a partner, shared four tips and tricks for founders hoping to be selected next year. You can read her advice here.
There are many odds and ends
Walmart
9. Walmart launched a virtual fitting room. Users can now try on more than 270,000 items on their own bodies — but they’ll have to strip down to underwear or tight-fitting clothing first for the feature to work accurately. How the virtual fitting rooms work.
10. We’ve compiled a list with the best iPhone 14 accessories available right now. These are MagSafe chargers and wallets that you can find with the phone. The seven best iPhone 14 accessories.
Invitation to an Event Come join us Tuesday, September 27, at noon ETAn editorial bootcamp in partnership with Indeed will cover how small businesses can develop innovative talent acquisition strategies. Register here
What we are currently watching:
- Salesforce’s annual developer and user conference, Dreamforce Conference on cloud computingToday, the inauguration of the, takes place.
- Politico hosts an event called “Writing the Rules of Cryptography.”At 4 p.m. ET.
- SkyShowtime is a telecommunications company. New streaming service, will be made available in Denmark and Finland as well as Norway, Sweden, and Norway.
- Elevate Festival is a tech-arts event. Toronto, Canada – Starts Today.
- JCON is the international Java community conferenceThis event is both in person and online.
You can keep up to date with all the tech news by visiting www.tech-news.comInsider’s Refresh,A dynamic audio news brief is available from Insider. Listen here.
Jordan Parker Erb from New York curated this collection. (Feedback and tips? Email jerb@insider.comTweet @jordanparkererb.) Edited by Hallam bullock (tweet). @hallam_bullock) in London.
