Published On: Sat, May 23rd, 2020

Daily Crunch: Facebook embraces remote work

Facebook takes some-more stairs to support and enhance a remote workforce, IBM announces layoffs and TechCrunch’s large annual discussion is going virtual. (I know, we know — we have churned feelings about it, too.)

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

1. Facebook creates large remote work moves with devise for new hubs in Dallas, Denver and Atlanta

Facebook CEO Mark Zuckerberg estimated that over a march of a subsequent decade, half of a association could be operative entirely remotely. As a subsequent step toward that goal, Facebook will be environment adult new association hubs in Denver, Dallas and Atlanta.

For Menlo Park employees looking for greener pastures, there’s one large catch. Starting on Jan 1 of subsequent year, a association will focus all salaries, that means scaling remuneration to a internal cost of living.

2. IBM confirms layoffs are happening, though won’t yield details

IBM isn’t pity details, though researcher Patrick Moorhead said. “I’m conference it’s a balancing act between business units. IBM is relocating as many resources as it can to a cloud.”

3. TechCrunch Disrupt 2020 is going virtual

As we can imagine, this is mostly due to a impact that a coronavirus has had on a world. But it also gives us a possibility to make a eventuality even some-more permitted to some-more people than ever before, and Disrupt will now widen over 5 days — Sep 14-18.

4. Netflix to start cancelling dead customers’ subscriptions

Netflix pronounced it will ask business who have not watched anything in a year or some-more if they wish to say their subscription. If it doesn’t hear back, it will cancel their membership.

5. API startups are so prohibited right now

Alex Wilhelm looks during FalconX, Treasury Prime, Spruce,, Skyflow and Evervault — all API-focused startups that are experiencing some early success. (Extra Crunch membership required.)

6. Magic Leap has apparently lifted another $350 million, in annoy of itself

Magic Leap has reportedly perceived a $350 million lifeline, a month after slicing 1,000 jobs and dropping a consumer business. Noted by Business Insider and reliable by The Information, CEO Rony Abovitz sent a note to staff announcing a funding, pleasantness of unnamed stream and new investors.

7. Cake brings a Swedish take on e-motorcycle pattern to a US

The Stockholm-based mobility startup’s debut, a Kalk OR, is a 150-pound, battery-powered two-wheeler engineered for flexible off-road roving and accessible in a street-legal version.

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