Adobe buys Figma, Uber gets hacked, and Google shrinks Area 120 • TechCrunch

Good day, pals! Welcome again to Week in Assessment, the e-newsletter the place we shortly sum up essentially the most learn TechCrunch tales from the final sevenish days. The aim? Even in case you’ve had a busy week, a fast skim of WiR ought to maintain you within the (tech) loop.

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This week was a bit all over, with one other huge story breaking each couple hours. Let’s simply drop proper in, we could?

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• Cutbacks at Space 120: Space 120 is Google’s in-house incubator, meant to let Googlers with doubtlessly huge concepts faucet the mega firm’s sources to show stated concepts into one thing actual. This week, nevertheless, Google confirmed that it’s slashing half of the Space 120 initiatives at the moment in improvement, with the incubator “shifting its focus” to AI initiatives. Impacted workers are being given till early 2023 to discover a new job inside Google.
• Adobe buys Figma: In one of many greatest tech acquisitions of all time, Adobe introduced this week its intent to purchase the collaborative/web-based design instrument Figma for a whopping $20 billion. Figma noticed ridiculous progress all through the pandemic, as many, many tech groups went distant and adjusted their workflows accordingly. Even for a corporation as huge as Adobe, successful that a part of the workflow again would’ve been robust.
• Layoffs at Twilio: Twilio confirmed this week that it’ll lay off roughly 11% of its workforce — someplace between 800 and 900 folks — as the corporate focuses on reaching profitability in 2023.
• iOS 16 goes reside: As anticipated, iOS 16 rolled out to Apple units this week. Need our ideas on it? Discover Romain’s evaluation right here. Need to know all the not-so-obvious new options hiding inside the replace? Take a look at Ivan’s checklist. Most of our readers appear to be searching for attention-grabbing methods to make use of these new Lock Display widgets.
• South Korea points an arrest warrant for Terraform Labs’ founder: “A courtroom in South Korea has issued an arrest warrant for Do Kwon, the founding father of Terraform Labs,” writes Manish, “escalating its probe into the crypto ecosystem whose two tokens misplaced $40 billion in worth in a span of days earlier this yr.”
• Uber hack: Late Thursday night time, Uber confirmed that it’s “responding to a cybersecurity incident” after a hacker seemingly breached the corporate’s inside community, with the hacker reportedly saying their presence (and protesting how Uber pays its drivers) proper inside Uber’s Slack.

audio roundup

In the event you like TechCrunch on your eyes, take a look at TechCrunch on your ears. This week in TechCrunch podcast land, the Fairness group talked about how Y Combinator has developed in recent times, the Chain Response crew “dug into the institutional embrace of blockchains by stodgy monetary powerhouses,” and the Discovered group went all “biggest hits” by revisiting an interview with Figma founder Dylan Subject from earlier this yr.

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