Elon guts Twitter, Google shutters Hangouts, and the tech layoffs continue

Week in Review is a newsletter where we summarize the most read stories from the previous week. What a week it was!

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It was the first week of work for the new boss of the company. The layoffs were supposed to begin. Entire teams are waking up to find their access has been revoked after a heads-up email went out. With reports suggesting layoffs could impact up to half the company, employees have referred to it as the snap. A class action lawsuit has been filed against the social networking site.

Tech industry layoffs continue to pour in. Opendoor reduced its workforce by 18% and Chime parted ways with 12%, among others. Both Apple and Amazon have stopped hiring.

We knew it was coming, but this week the final nail in the coffin was the shutting down of the chat focused web app. I expect at least two more to be launched and shut down by the time I finish this newsletter.

The Falcon Heavy rocket was launched this week for the first time in over a year, after being delayed due to readiness issues.

According to Sarah, the company said it will now offer Prime subscribers a full music catalog with 100 million songs, instead of the previously limited selection of just 2 million songs.

audio roundup

This week, what's going on in the show? Some of the highlights are listed here.

• The Equity crew chatted about the ever-evolving role of the venture capitalist, and our friend Melia Russell from Business Insider stopped by to fill us in on her recent story about how “investors are rewriting the playbooks when it comes to maternity leave policies at their firms.”
• Amanda joined Darrell on the TC Podcast to discuss Elon’s “questionable plans” to change up how identity verification works on Twitter
• The Chain Reaction team dive into the growing list of troubles that have developed for Bitcoin miners in the last few months.

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The $60 million Series C deck was published in early 2021. Pilot CEO Waseem Daher sat down with Lucas Matney to discuss what worked and what didn't work on their pitch deck.

The most common mistakes in a pitch deck are listed by the resident pitch expert.