Back in the Mad Men days, the only thing that might interrupt the corporate blandness of a workspace might be a photo of your family or maybe a coffee cup with a funny saying. But nowadays, especially if we’re working at home, we can have some pretty interesting, weird, or just plain nice-looking items on our desks.
Technology
A comprehensive list of 2024 tech layoffs
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether.
By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses embracing AI and automation for jobs that had previously been considered safe. It also serves as a reminder of the human impact of layoffs and what could be at stake in regards to increased innovation.
Below you’ll find a comprehensive list of all the known layoffs in tech that have occurred in 2024, to be updated regularly. If you have a tip on a layoff, contact us here. If you prefer to remain anonymous, you can contact us here.
September 2024
Qualcomm
Will lay off 226 workers in San Diego later this year, according to a California WARN notice. The decision comes less than a year after the chipmaker let go of more than 1,250 workers.
Udemy
Will reduce its headcount in a new restructuring effort, impacting roughly 280 employees. The company says that half of those affected by the cuts would be rehired, particularly if they work in lower cost markets.
Amperity
Will lay off 13% of its workforce. The company previously laid off 20 employees earlier this year, in addition to two other workforce reductions in 2023.
Cisco
Is reducing its headcount by 7%, impacting around 5,600 employees. The cuts follow another layoff round from the company this year, in which 4,000 employees were impacted.
Microsoft
Is laying off around 650 employees in its gaming division. The layoffs come eight months after the gaming division faced 1,900 job cuts after Microsoft acquired Activision Blizzard.
Nori
Has shut down its operations citing a “tough funding environment,” co-founder Alexsandra Guerra announced on LinkedIn.
Bending Spoons
Will lay off 75% of WeTransfer’s staff. Bending Spoons acquired the file transfer service in July for an undisclosed amount.
Goop
Is laying off 18% of its 216-person staff as the company shifts its focus to its beauty and food brands and deprioritize other areas like wellness and travel.
Fly.io
Has reportedly laid off around 40 employees in what appears to be a restructuring effort for the company.
Motif FoodWorks
Is reportedly shutting down its operations following a lengthy litigation battle with competitor Impossible Foods.
August 2024
Character.AI
Reportedly cut at least 5% of its staff in its marketing and recruiting departments.
Apple
Is reportedly cutting around 100 jobs in its digital services group, potentially impacting workers in the company’s Books and News teams.
Brave
Has laid off 27 employees across the different departments, TechCrunch has learned. The cuts impact roughly 14% of the web browser and search startup’s total staff.
Scale AI
Reportedly terminated more than 1,000 remote contract workers. The company did not categorize the cuts as layoffs and says full-time employees have not been impacted.
Skip the Dishes
Is cutting 100 workers in Canada and 700 working for its parent company, Just Eat Takeaway.com, CEO Paul Burns announced on LinkedIn.
GoPro
Will reduce its total workforce by about 15% before the end of the year as part of a major restructuring effort. The cuts will impact around 139 workers.
Retention.com
Laid off 40% of its staff, CEO Adam Robinson wrote on LinkedIn, impacting 15 employees.
Loop
Is conducting layoffs as the company goes through a “strategic shift” in priorities. The number of employees affected is currently unknown.
Inuitive
Is cutting 20% of its workforce, affecting around 80 employees. Inuitive CEO Shlomo Gadot is also stepping down from the company.
Formlabs
Has laid off a “small number” of employees, the company exclusively confirmed to TechCrunch. The 3D printing firm says the cuts occurred over the past two years and impact 40 employees out of its less than 750-person staff.
Sonos
CEO Patrick Spence confirmed with TechCrunch the company cut 100 employees in a new layoff round, impacting 6% of Sonos’ workforce. Sonos previously reduced its headcount by 7% in 2023.
Cisco
Will reportedly eliminate thousands of jobs in another round of layoffs this year. The company previously laid off more than 4,000 employees in February 2024.
Tally
Has shut down its operations “after exploring all options” before running out of cash. The fintech previously helped users manage and pay off their credit card debt; it had 183 employees and was last valued at $855 million.
Branch.io
Has laid off more than 100 employees. Nova Launcher, which was acquired by Branch in 2022, said the cuts whittled down its team to one full-time developer.
READY Robotics
Has reportedly stopped its operations. The company is now auctioning off equipment through the Silicon Valley Disposition.
Eventbrite
Is cutting around 100 employees, accounting for 11% of its total workforce. The online ticketing company previously let go of 8% of its employees in February 2023.
LegalZoom
Announced it will reduce its global workforce by 15% and pause future hiring efforts in an effort to save $25 million.
Techstars
Is laying off 17% of its staff and ending its $80 million J.P. Morgan-backed programs at the end of this year following a rocky period for the company that has included financial losses and leadership shakeups.
Mobius
Will completely shut down operations after facing financial struggles. The Kenya-based SUV manufacturer reportedly cited tax hikes as a driving force of the decision.
Infineon
Will cut 1,400 jobs globally, including hundreds of roles at its German plant. The company said it will also relocate an additional 1,400 employees to countries with lower labor costs.
Jam City
Has eliminated around 85 employees, affecting 10% of the video game developer and publisher’s total workforce.
Dell
Will conduct layoffs as the company plans to get “leaner,” according to an internal memo, and create a new sales unit focused on AI products and services. The number of employees impacted is currently unknown.
Intel
Intel kicked off the month with substantial layoffs, with 15,000 employees accounting for 15% of its total staff affected by the company’s cutbacks. “Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI,” CEO Pat Gelsinger said in a memo announcing the layoffs.
July 2024
Rad Power Bikes
The e-bike startup that has raised more than $300 million from investors has also conducted five rounds of layoffs since April 2021, with TechCrunch exclusively learning that Red Power’s most recent layoffs were conducted in July with an unknown number of Rad Power’s roughly 394 employees impacted.
Match Group
Has discontinued livestreaming services across its dating apps, specifically Plenty of Fish and BLK, as it shifts its focus to generative AI. The move will result in a 6% reduction in its total workforce.
Bungie
Will cut 220 employees, representing around 17% of the game studio’s total workforce. CEO Pete Parsons said the changes impact all levels of the company, including senior and executive leadership.
Pocket FM
Has reportedly eliminated roles for nearly 200 U.S. writers a month after the company partnered with ElevenLabs to quickly convert scripts into audio content using AI.
WayCool Foods
Has reportedly laid off more than 200 employees across several departments. It would be the agritech company’s third substantial layoff round in the past year.
Webflow
Announced it will eliminate roughly 8% of its workforce as the company works toward its “next phase of growth.”
Cohere
Is reportedly laying off about 20 employees, accounting for nearly 5% of its total workforce. The cuts came the day after the company announced it raised $500 million at a $5 billion valuation.
Magic Leap
Reportedly eliminated around 75 of its workers. As part of the cuts, the augmented reality startup reportedly axed its sales and marketing departments entirely.
Mercari
Is reportedly laying off nearly half of its employees in the U.S. as the Japan-based company struggles to compete with other e-commerce rivals like Temu.
Aqua
Is eliminating 50 employees, accounting for 10% of its total workforce. Earlier this year, the cybersecurity company raised $60 million at a $1 billion valuation, making it a unicorn.
EverC
Is reportedly laying off 10% of its 165-person workforce. The company develops cyber intelligence software that helps prevent online fraud.
Lex
Has laid off the majority of its roughly eight-person staff as the LGBTQ+ social networking site struggles to monetize its product. Last year, the company’s third, Lex raised $5.6 million in seed funding and elevated co-founder Jennifer Lewis from COO to CEO.
Monarch Tractor
Cut “less than” 15% of its 250- to 300-person workforce as part of a necessary reshuffling following a $133 million Series C funding round, TechCrunch has learned.
Kaspersky
Will lay off dozens of employees and leave the U.S. market completely following a U.S. government order that banned the sale of the company’s software due to security risks.
Salesforce
Eliminated about 300 employees in its workforce as it rolls out a broader effort to cut costs and streamline its operations.
Intuit
Will cut 1,800 employees, impacting 10% of its workforce. The company says more than half were cut due to low performance and aims to hire approximately the same number of employees instead of cutting costs.
UiPath
Plans to cut 420 jobs, 10% of its total workforce, as the company undergoes a large restructuring effort.
UKG
Cut an estimated 2,200 employees, amounting to nearly 14% of its workforce, as the software company attempts to redirect its resources into “key areas of product innovation.”
OpenText
Plans to cut roughly 1,200 jobs, amounting to almost 2% of its total workforce, as the information management company plans to significantly reduce its expenses by 2025.
Unacademy
Is laying off about 250 employees in the latest in a series of job cuts after schools reopened across India following pandemic lockdowns.
Koo
Is ceasing its operations after its last-resort acquisition talks with Dailyhunt collapsed.
Upside Foods
Has cut its workforce by 26 people, CEO Uma Valeti wrote in an email to staff, as the lab-grown meat industry sees a decline in VC funding.
Sightful
Is eliminating 20 employees, amounting to a third of its total workforce, as the company shifts its focus to software development.
June 2024
RealPage
Will cut approximately 4% of its workforce as part of a plan to boost growth, though the company is also one of many within its field facing a consolidated lawsuit alleging they engaged in price fixing.
Planet
Intends to lay off roughly 180 employees, amounting to 17% of its workforce, according to an SEC filing that amounts to its second recent round of layoffs.
Moxion Power
Is laying off more than 100 employees, according to a WARN filing. The news of the cuts comes after the company launched a large office expansion in Richmond, California.
eBay
Is reportedly conducting layoffs in Israel as it goes through a global restructuring.
BeReal
Is reportedly cutting a large number of its staff after being acquired by French gaming company Voodoo.
Flutterwave
Has laid off about 30 people, accounting for 3% of its workforce, as it refocuses its business to enterprise.
Ginkgo Bioworks
Terminated 158 employees, with another batch of layoffs expected to come as the company aims to reduce its workforce by 25%.
Moovit
Is making cuts to 10% of its workforce, impacting around 20 to 25 employees.
Wex
Is laying off 375 employees, accounting for 5% of its total workforce.
PayPal
Will eliminate up to 85 employees based in Ireland, the company announced.
Rapyd
Is reportedly laying off around 30 employees in Israel and will move positions to other regions to cut costs.
C2FO
Cut 16 employees in its supplier resource management department as it focuses on automation.
Chegg
Is reducing its global headcount by 23% in a major restructuring effort as the online learning platform aims to become a “leaner” operation.
StackPath
Is closing up shop and liquidating its assets. The number of employees affected is currently unknown.
Unit
Is reducing its headcount by 15% as the company attempts to “think in longer time frames,” the company announced in a blog post.
Loop
Is making more cuts, co-CEO Carey Anne Nadeau announced on LinkedIn. The number of employees impacted is currently unknown.
Care/of
Will lay off its 143 employees by July 3 due to a “funding loss,” and will no longer be accepting new orders. The company has not shut down fully though, telling TechCrunch: “We are actively exploring options for the brand but do not have anything definitive to communicate at this time.”
Running Tide
Shut down its operations and laid off its remaining employees after raising more than $50 million since its 2017 start.
Satellogic
Is laying off 70 employees, about 30% of its workforce, three weeks after an earlier round of cuts impacted 34 employees.
ByteDance
Is slashing around 450 jobs at its Indonesian e-commerce division, accounting for 9% of the unit.
VRChat
Has eliminated around 30% of its total workforce, CEO Graham Gaylor confirmed in a statement.
Paytm
Is reportedly conducting large cuts across the company. The total number of employees impacted is currently unknown.
Kissflow
Has cut around 45 jobs as part of a restructuring effort.
Copia Global
Has laid off at least 1,060 employees two weeks after the startup filed for administration.
Revel
Is laying off its 1,000+ staff drivers as it embraces a gig worker model similar to that of Lyft and Uber.
Simpl
Has cut 30 employees a month after the Bengaluru-based startup laid off 160 people.
Oda
Has confirmed layoffs of 150 jobs as it drastically scales back its expansion ambitions to focus on its markets in Norway and Sweden.
Pagaya
Is laying off 100 workers, or 20% of its staff, in another round of cuts.
MoonPay
Is reportedly laying off 10% of its workforce, amounting to around 30 people.
Microsoft
Is reportedly cutting hundreds of employees working in its Azure cloud business, though the exact number of employees impacted is currently unknown.
OrCam
Is laying off 100 employees months after reducing its headcount by 50 workers.
Is reportedly making large cuts globally across several of its Cloud teams, including teams focused on sustainability, consulting and partner engineering.
Tropic
Is eliminating 40 employees as part of a restructuring effort, CEO David Campbell wrote in a post on LinkedIn.
May 2024
Gro Intelligence
Is shutting down its operations after laying off 60% of its staff in March in an attempt to stay afloat.
Jasper Health
Has laid off a substantial part of its workforce, TechCrunch learned. Engineering and product design departments were most impacted by the cuts at the cancer care platform startup.
Cirium
Is laying off 37 tech workers at FlightStats, the flight tracking startup it acquired in 2016, as it plans to consolidate its operations in India and the U.K.
Walnut
Is cutting 15 employees in a round of layoffs, impacting 20% of the Israeli startup’s total workforce.
Fisker
Has laid off hundreds of employees in a bid to keep the EV startup alive. One current and one laid off employee told TechCrunch exclusively that an estimated 150 people remain at the company.
Cue Health
Is shutting down its operations and laying off the rest of its staff. The COVID-19 test company laid off half of its workforce earlier this month to cut costs.
Foursquare
Has let go of 105 employees as the company seeks to “streamline” its operations, according to an email to staffers from current CEO Gary Little.
Lucid Motors
Is laying off about 400 employees, roughly 6% of its workforce, as part of a restructuring ahead of the launch of its first electric SUV later this year.
TikTok
Will reportedly make large cuts to its global operations and marketing teams. The amount of employees impacted is currently unknown.
Pixar
Will reportedly cut 14% of its staff, impacting 175 employees, as the company shifts its focus from original Disney+ programming back to films.
Replit
Let go of 20% of its staff as the coding startup shifts its focus to enterprise sales.
SeekOut
Cut about 30% of its total workforce. The recruiting startup that uses AI to find candidates was last valued at over $1.2 billion in January 2022.
Gopuff
Eliminated 6% of its staff in another round of layoffs as the fast-delivery startup attempts to become cash-flow positive by the end of 2024.
Atmosphere
Plans to lay off 106 employees, according to a WARN notice filed in Texas.
Mainvest
Has shut down its operations. The number of employees affected is currently unknown.
Indeed
Is cutting roughly 1,000 jobs, impacting 8% of the company’s headcount, CEO Chris Hyams wrote in a letter to staff.
Motional
Cut around 40% of its workforce, impacting about 550 employees, sources told TechCrunch. The company’s chief operating officer, Abe Ghabra, has also left the company.
Will eliminate 57 positions in San Francisco, according to a WARN notice filed in California.
Vacasa
Is eliminating 800 employees, accounting for 13% of its workforce, as part of a restructuring effort.
Brilliant
Told The Verge it has laid off most of its staff and is no longer selling its smart home controllers and light switches as it looks for a buyer.
Enovix
Laid off roughly 170 workers, impacting a third of its total headcount, in an effort to cut back on annual operating costs.
Microsoft
Closed Arkane Austin, Tango Gameworks, and more game studios as part of cuts at Bethesda. It’s currently unclear how many employees will be impacted.
Cue Health
Is eliminating 230 employees, about 49% of its workforce, in a cost cutting measure laid out in documents filed with the U.S. SEC.
Luminar
Is slashing its workforce by 20%. The cuts will affect around 140 employees, and the company is also cutting ties with “the majority” of its contract workers.
Sprinklr
Has laid off about 3% of its workforce, impacting 116 people, the company confirmed to TechCrunch in a statement. The cuts come over a year after the company eliminated about 4% of its headcount.
Peloton
Is laying off 15% of its workforce, affecting about 400 people, as part of a cost-cutting effort. The company’s CEO Barry McCarthy is also stepping down.
April 2024
Tesla
Has gutted its charging team in a new round of layoffs, CEO Elon Musk announced in an overnight email to executives.
Has laid off staff across key teams like Flutter, Dart and Python. It is currently unclear how many employees were let go.
Fisker
Is laying off more employees to “preserve cash,” according to an internal email viewed by TechCrunch. The number of cuts is currently unknown.
Getir
Is shutting down operations in the U.S., the U.K. and Europe, impacting at least 6,000 jobs across the closing markets.
Ola
Is cutting about 180 jobs in a profitability push and has let go its chief executive Hemant Bakshi, a source familiar with the matter told TechCrunch.
True Anomaly
The space and defense startup laid off nearly 30 people, accounting for about 25% of its workforce, due to “duplication of roles and functions across the company,” TechCrunch exclusively reported.
Expedia
Is expected to cut employees in its Austin office for the second time this year.
Nike
Plans to eliminate 740 employees at its Oregon headquarters this summer, according to a WARN Act notice.
Stability AI
Is eliminating 10% of its workforce following the exit of former CEO Emad Mostaque.
Is laying off workers as part of continued cost cutting measures. The number of employees affected was at the time unknown.
Rivian
Is reducing its total workforce by 1%. It’s the second round of layoffs for the EV maker this year.
Take-Two
Is laying off 5% of its workforce, affecting around 579 employees. The GTA 6 publisher also announced the elimination of “several projects” in development.
Tome
Is eliminating about 20% of its 59 employees in a restructuring effort.
Tesla
Is cutting “more than 10%” of its global workforce, per an internal email sent by CEO Elon Musk. That could impact more than 14,000 workers worldwide, as Tesla prepares itself “for our next phase of growth” amid a challenging EV market.
Criteo
Is reducing its global workforce by nearly 4%, impacting up to 140 employees.
TikTok
Is laying off 250 employees based in Ireland as it restructures its Training and Quality team.
Hinge Health
Cut approximately 10% of its workforce, TechCrunch exclusively learned, as the company prepares for an IPO and aims to reach profitability.
Checkr
Has laid off 382 employees, amounting to 32% of its total workforce, TechCrunch exclusively learned. The background-screening platform was last valued at $5 billion in April of 2022.
Bolt.Earth
Reportedly laid off a sizable part of its staff in a restructuring effort. The number of employees impacted is currently unknown, but sources told Inc42 that it could be “in the range of 70-100” workers.
Apple
Is laying off 614 employees in California after abandoning its electric car project, according to a WARN notice.
Agility Robotics
Has laid off a “small number” of employees as part of a company-wide focus on commercialization efforts.
Ghost Autonomy
Shut down operations. The company, which was backed by OpenAI, employed about 100 people.
Whirlpool
Is shutting down Yummly, the recipe and cooking app it acquired in 2017.
AWS
Will cut hundreds of jobs across Sales, Marketing, Global Services and its Physical Stores Technology team.
Byju’s
Is laying off about 500 employees, accounting for 3% of its total workforce, as part of a restructuring effort.
March 2024
Reliance
Reliance, largest conglomerate in India, took its time in announcing it had laid off more than 42,000 people in its fiscal year, which ended in March. That significant number accounted for 11% of its workforce, and another 143,000 employees took “voluntary separations” in the same time.
ChowNow
Has laid off 20% of its staff after acquiring point-of-sale platform Cuboh. The company previously laid off 100 people in 2022.
Nintendo of America
Is restructuring its testing department, which is largely made up of contractors. A Nintendo spokesperson told Kotaku the changes will end some assignments but will lead to the creation of new full-time positions.
Dell
Cut its global workforce by about 6,000 jobs, according to a 10-K SEC filing. The filing reveals the company cut 13,000 jobs in the last year.
Synctera
Has made cuts to its staff, the company confirmed to TechCrunch. A report in Fintech Business Weekly estimates that 17 people, or about 15% of the company, were impacted.
ShopBack
Is cutting 195 roles in an effort to become more sustainable, CEO Henry Chan wrote in a blog post. The layoffs impact nearly a quarter of its staff.
Airmeet
Reportedly eliminated 20% of its total workforce in its second restructuring effort in the past year.
Chipper Cash
Conducted another round of layoffs impacting 20 employees, CEO Ham Serunjogi announced in a blog post.
Textio
Has reportedly cut 16% of its staff in a strategic move to support its Textio Lift product.
Stash
Is reportedly laying off around 25% of its workforce. According to Axios, the cuts affect roughly 80 people.
Phantom Auto
Is shutting down after failing to secure new funding, TechCrunch has learned. The remote driving startup, which had cut staff last year, employed a little more than 100 people.
IBM
Is reportedly slashing its marketing and communications staff. The company previously announced a strategy to replace upwards of 8,000 jobs with AI.
Inscribe.ai
Cut just under 40% of its staff, equating to dozens of employees, the company confirmed to TechCrunch.
Turnitin
Laid off around 15 people earlier this year, following comments from CEO Chris Caren that the company would be able to reduce 20% of its headcount thanks to AI.
Sorare
Laid off 13% of its staff based in its New York office as the web3 fantasy sports platform focuses on its Paris headquarters, a source familiar with the matter told TechCrunch.
Melio
Is eliminating roughly 7% of its workforce as part of organizational restructuring. The fintech unicorn last conducted layoffs in August 2022.
ONE
Is cutting about 13% of its workforce, affecting 40 employees. It’s the second round of layoffs for the battery startup in recent months.
Project Ronin
Is shutting down, resulting in a “permanent mass layoff” impacting around 150 employees.
February 2024
Fisker
Plans to lay off 15% of its workforce and says it likely does not have enough cash on hand to survive the next 12 months.
EA
Cut 5% of its workforce, impacting 670 employees, as it moves away from the “development of future licensed IP.”
Bumble
Is letting go of about 350 employees, accounting for 30% of its workforce.
Apple
Is likely cutting hundreds of employees who worked on the company’s autonomous electric car project now that the effort has stopped, TechCrunch has learned.
Sony
Is laying off 900 employees from its PlayStation unit, affecting 8% of the division’s workforce. Insomniac Games, Naughty Dog, Guerrilla and Firesprite studios will also be impacted.
Expedia
Will reportedly cut 1,500 roles in 2024, primarily in its Product & Technology division, accounting for more than 8% of the company’s workforce.
Finder
Eliminated roughly 60 employees, or 17% of its workforce. It’s the financial startup’s third major layoff round in the past 12 months.
Rivian
Is laying off 10% of its salaried workforce in a bid to cut costs in an increasingly tough market for EVs.
Meati Foods
Will lay off 13% of its workforce as it works to “build a financially sustainable business,” CEO Phil Graves told TechCrunch exclusively.
Cisco
Announced it will eliminate 5% of its employees, impacting more than 4,000 people.
Toast
Will lay off about 550 workers in a move designed to promote “operating expense efficiency.”
Instacart
Announced in an SEC filing that it will lay off roughly 250 employees as part of a restructuring effort.
Mozilla
Is scaling back its investment in a number of products, TechCrunch has learned, resulting in layoffs that will affect roughly 60 employees.
Grammarly
Is laying off 230 employees worldwide as part of the company’s efforts to advance its focus on “the AI-enabled workplace of the future.”
Getaround
Is cutting 30% of its North American workforce as part of a restructuring.
Amazon
Is reportedly cutting jobs in its healthcare businesses One Medical and Amazon Pharmacy. The number of impacted roles is currently unknown.
DocuSign
Announced plans to eliminate 6% of its workforce, largely impacting the company’s sales and marketing divisions.
Snap
Announced plans to cut 10% of its workforce, impacting roughly 500-plus employees, in an effort to “reduce hierarchy.”
Polygon Labs
Has laid off 60 employees, or about 19% of its staff, CEO Marc Boiron announced in a blog post.
Okta
Is laying off approximately 400 employees. The layoffs come almost exactly a year to the day after Okta announced plans to cut about 300 employees.
January 2024
Thinx
Will lay off 95 workers in New York City, according to a filing with the New York Department of Labor.
Proofpoint
Is laying off about 6% of its global workforce, or 280 employees, the company confirmed to TechCrunch.
Wattpad
Conducted another round of layoffs earlier this month, amounting to roughly 15% of its workforce, a source familiar with the situation told TechCrunch.
Block
Is reportedly laying off around 1,000 people in the Cash App, foundational and Square arms of Block.
PayPal
Has reportedly begun company-wide layoffs. While it is unclear how many people will be affected, one source told TechCrunch it was expected to be in the “thousands.”
Aurora Solar
Has laid off 20% of its staff of about 1,000 people, TechCrunch exclusively learned. The cuts to the software startup come despite record growth in the solar industry last year.
iRobot
Is laying off 350 people, or one-third of its headcount, after Amazon’s bid to acquire the Roomba-maker shuttered. Longtime CEO Colin Angle has also stepped down.
Salesforce
Is reportedly laying off 700 workers, or around 1% of its staff. This comes after the company had a significant reduction of 10% of its workforce in 2023.
Flexport
Is reportedly planning to cut around 20% of its staff in the next few weeks. The company announced similar cuts in October, when founder Ryan Petersen returned as CEO and slashed its workforce by 20%.
Microsoft
Is laying off 1,900 employees across its gaming divisions following its acquisition of Activision Blizzard. Blizzard president Mike Ybarra announced he will also be stepping down.
Swiggy
Is cutting about 400 jobs, 7% of its workforce, as the food delivery startup seeks to bring further improvements to its finances ahead of a planned IPO later this year.
Aurora
Laid off dozens of workers, according to sources familiar with the decision. The autonomous vehicle technology company has since confirmed that about 3% of its workforce has been laid off.
eBay
Will lay off 9% of the company’s workforce, affecting about 1,000 full-time employees. In a blog post, the company also plans to cut contract roles in the coming months.
SAP
Announced it intends to offer voluntary buyouts or job changes to 8,000 employees amid restructuring.
Brex
Laid off 20% of its staff, affecting 282 workers. In a blog post, Co-CEO Pedro Franceschi said that the company is prioritizing “long-term thinking and ownership over short-term gains in our comp structure.”
TikTok
Eliminated around 60 jobs across the U.S. in Los Angeles, New York, and Austin in addition to layoffs in international markets. The affected roles, according to NPR’s initial reporting, are largely in sales and advertising.
Vroom
Is cutting 90% of its employees as it shuts down its online used car marketplace and shifts resources into two business units: one focused on auto financing and the other on AI-powered analytics.
Riot Games
Is laying off 11% of its workforce, affecting about 530 employees, as the company focuses on “fewer, high-impact projects.” The League of Legends maker is also sunsetting its five-year-old publishing group, Riot Forge.
Wayfair
Is eliminating 13% of its global workforce, affecting 1,650 employees, in a restructuring effort aimed at cutting layers of management.
YouTube
Will eliminate 100 employees, a spokesperson confirmed to TechCrunch, as part of a restructuring effort in its creator management and operations teams.
Is laying off “hundreds” of employees in its advertising sales team, according to a leaked memo. The cuts come a week after the company did sweeping layoffs across its hardware teams. And more layoffs will come throughout the year, as CEO Sundar Pichai told the company in a memo obtained by the Verge.
Lost Boys Interactive
Reportedly laid off a “sizable” number of employees January 12. The game developer studio was acquired by Borderlands maker Gearbox in 2022.
Pixar
Is going to lay off employees in 2024, TechCrunch exclusively learned, with the total impacted employees potentially reaching as high as 20% of the animation studio’s 1,300 person workforce. The cutbacks come as Disney looks to reduce the studio’s output as it struggles to achieve profitability in streaming.
Audible
Is laying off 5% of its workforce, citing an “increasingly challenging landscape,” according to a leaked memo obtained by Business Insider.
Discord
Is laying off 17% of its staff, impacting 170 people. In an internal memo obtained by the Verge, Discord CEO Jason Citron blamed the cuts on the company growing too quickly.
Laid off hundreds of employees across its Google Assistant division and the team that manages Pixel, Nest and Fitbit hardware. The company confirmed to TechCrunch that Fitbit co-founders James Park and Eric Friedman are also exiting.
Amazon
Is laying off “several hundreds” of employees at Prime Video and MGM Studios, according to a memo obtained by TechCrunch. The cuts come days after the 500 layoffs at Amazon’s Twitch.
Twitch
Is reportedly laying off 500 employees, 35% of its current staff, amid a continued struggle to achieve profitability in the face of rising costs and community backlash. The pending layoffs come after hundreds more employees were laid off in 2023.
Treasure Financial
Confirmed to TechCunch that layoffs, conducted in December, had impacted 14 employees, accounting for 60% to 70% of the company, according to multiple sources.
Duolingo
Confirmed it cut 10% of its contractor workforce at the end of 2023 as it turns to AI to streamline content production and translations previously handled by humans.
Rent the Runway
Will cut about 10% of corporate roles as it goes through a restructuring plan following Anushka Salinas’ planned resignation as operating chief and president at the end of January.
Unity
Is reducing its workforce by about 25%, or 1,800 people. The video game engine maker went through three rounds of layoffs in 2023.
Pitch
Laid off two-thirds of its employees as the German startup, which built collaborative presentation software, looks to pursue a “completely different path.” CEO and co-founder Christian Reber also stepped down.
BenchSci
The AI and biomedical startup reportedly cut 17% of its workforce January 8, citing “shifts in the economic environment,” in a LinkedIn post announcing the layoffs.
Flexe
Eliminated 38% of its staff January 8 as the online retail logistics company follows up after conducting layoffs in September 2023.
NuScale
Announced January 8 it is laying off 28% of its staff, or 154 workers, as the small modular nuclear reactor company shifts its focus to “key strategic areas.”
Trigo
Is reportedly laying off 15% of its workforce focused on computer vision for retailers.
InVision
Is shutting down at the end of 2024 after a 12 year run. The design collaboration startup was once valued at nearly $2B.
VideoAmp
Is laying off nearly 20% of its workforce as it tries to maintain its battle with Nielsen over media measurement. CEO Ross McCray stepped down from the company.
Orca Security
Is laying off roughly 15% of its staff, totaling 60 employees. The Israel-based unicorn reportedly plans to move some impacted employees into other positions at the company.
Frontdesk
Laid off its entire 200-person workforce January 2 after attempts to raise more capital failed, TechCrunch exclusively learned. The mass layoff comes just seven months after the startup acquired rival Zencity.
Technology
‘Harvest now, decrypt later’: Why hackers are waiting for quantum computing
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Hackers are waiting for the moment quantum computing breaks cryptography and enables the mass decryption of years of stolen information. In preparation, they are harvesting even more encrypted data than usual. Here is what businesses can do in response.
Why are hackers harvesting encrypted data?
Most modern organizations encrypt multiple critical aspects of their operations. In fact, about eight in 10 businesses extensively or partially use enterprise-level encryption for databases, archives, internal networks and internet communications. After all, it is a cybersecurity best practice.
Alarmingly, cybersecurity experts are growing increasingly concerned that cybercriminals are stealing encrypted data and waiting for the right time to strike. Their worries are not unfounded — more than 70% of ransomware attacks now exfiltrate information before encryption.
The “harvest now, decrypt later” phenomenon in cyberattacks — where attackers steal encrypted information in the hopes they will eventually be able to decrypt it — is becoming common. As quantum computing technology develops, it will only grow more prevalent.
How ‘harvest now, decrypt later’ works
Quantum computers make the “harvest now, decrypt later” phenomenon possible. In the past, encryption was enough to deter cybercriminals — or at least make their efforts pointless. Unfortunately, that is no longer the case.
Whereas classical computers operate using binary digits — bits — that can either be a one or a zero, their quantum counterparts use quantum bits called qubits. Qubits can exist in two states simultaneously, thanks to superposition.
Since qubits may be a one and a zero, quantum computers’ processing speeds far outpace the competition. Cybersecurity experts are worried they will make modern ciphers — meaning encryption algorithms — useless, which has inspired exfiltration-driven cyberattacks.
Encryption turns data, also known as plaintext, into a string of random, undecipherable code called ciphertext. Ciphers do this using complex mathematical formulas that are technically impossible to decode without a decryption key. However, quantum computing changes things.
While a classical computer would take 300 trillion years or more to decrypt a 2,048-bit Rivest-Shamir-Adleman encryption, a quantum one could crack it in seconds, thanks to qubits. The catch is that this technology isn’t widely available — only places like research institutions and government labs can afford it.
That does not deter cybercriminals, as quantum computing technology could become accessible within a decade. In preparation, they use cyberattacks to steal encrypted data and plan to decrypt it later.
What types of data are hackers harvesting?
Hackers usually steal personally identifiable information like names, addresses, job titles and social security numbers because they enable identity theft. Account data — like company credit card numbers or bank account credentials — are also highly sought-after.
With quantum computing, hackers can access anything encrypted — data storage systems are no longer their primary focus. They can eavesdrop on the connection between a web browser and a server, read cross-program communication or intercept information in transit.
Human resources, IT and accounting departments are still high risks for the average business. However, they must also worry about their infrastructure, vendors and communication protocols. After all, both client and server-side encryption will soon be fair game.
The consequences of qubits cracking encryption
Companies may not even realize they have been affected by a data breach until the attackers use quantum computing to decrypt the stolen information. It may be business as usual until a sudden surge in account takeovers, identity theft, cyberattacks and phishing attempts.
Legal issues and regulatory fines would likely follow. Considering the average data breach rose from $4.35 million in 2022 to $4.45 million in 2023 — a 2.3% year-over-year increase — the financial losses could be devastating.
In the wake of quantum computing, businesses can no longer rely on ciphers to communicate securely, share files, store data or use the cloud. Their databases, archives, digital signatures, internet communications, hard drives, e-mail and internal networks will soon be vulnerable. Unless they find an alternative, they may have to revert to paper-based systems.
Why prepare if quantum isn’t here yet?
While the potential for broken cryptography is alarming, decision-makers should not panic. The average hacker will not be able to get a quantum computer for years — maybe even decades — because they are incredibly costly, resource-intensive, sensitive and prone to errors if they are not kept in ideal conditions.
To clarify, these sensitive machines must stay just above absolute zero (459 degrees Fahrenheit to be exact) because thermal noise can interfere with their operations.
However, quantum computing technology is advancing daily. Researchers are trying to make these computers smaller, easier to use and more reliable. Soon, they may become accessible enough that the average person can own one.
Already, a startup based in China recently unveiled the world’s first consumer-grade portable quantum computers. The Triangulum — the most expensive model — offers the power of three qubits for roughly $58,000. The two cheaper two-qubit versions retail for less than $10,000.
While these machines pale in comparison to the powerhouse computers found in research institutions and government-funded labs, they prove that the world is not far away from mass-market quantum computing technology. In other words, decision-makers must act now instead of waiting until it is too late.
Besides, the average hacker is not the one companies should worry about — well-funded threat groups pose a much larger threat. A world where a nation-state or business competitor can pay for quantum computing as a service to steal intellectual property, financial data or trade secrets may soon be a reality.
What can enterprises do to protect themselves?
There are a few steps business leaders should take in preparation for quantum computing cracking cryptography.
1. Adopt post-quantum ciphers
The Cybersecurity and Infrastructure Security Agency (CISA) and the National Institute of Standards and Technology (NIST) soon plan to release post-quantum cryptographic standards. The agencies are leveraging the latest techniques to make ciphers quantum computers cannot crack. Firms would be wise to adopt them upon release.
2. Enhance breach detection
Indicators of compromise — signs that show a network or system intrusion occurred — can help security professionals react to data breaches swiftly, potentially making data useless to the attackers. For example, they can immediately change all employees’ passwords if they notice hackers have stolen account credentials.
3. Use a quantum-safe VPN
A quantum-safe virtual private network (VPN) protects data in transit, preventing exfiltration and eavesdropping. One expert claims consumers should expect them soon, stating they are in the testing phase as of 2024. Companies would be wise to adopt solutions like these.
4. Move sensitive data
Decision-makers should ask themselves whether the information bad actors steal will still be relevant when it is decrypted. They should also consider the worst-case scenario to understand the risk level. From there, they can decide whether or not to move sensitive data.
One option is to transfer the data to a heavily guarded or constantly monitored paper-based filing system, preventing cyberattacks entirely. The more feasible solution is to store it on a local network not connected to the public internet, segmenting it with security and authorization controls.
Decision-makers should begin preparing now
Although quantum-based cryptography cracking is still years — maybe decades — away, it will have disastrous effects once it arrives. Business leaders should develop a post-quantum plan now to ensure they are not caught by surprise.
Zac Amos is features editor at ReHack.
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Technology
Electric outboard startup Pure Watercraft is selling itself for parts
A hopeful entrant in the emerging market of electric watercraft is out of action and being sold for parts.
Pure Watercraft was founded in 2011 with the intention of replacing gas-based outboard motors with fully electric ones. We covered the company in 2016 when it began taking preorders for its first commercial outboards, and in 2020 Pure raised $23 million to step up production. GM even took a 25% stake in Pure as part of its big investment in electric infrastructure.
The company offered a electric outboard and battery combo that could be mounted on a boat like any other outboard, or in a package with a rigid inflatable or pontoon boat. With prices ranging from $21,600 for just propulsion to nearly $100,000 for a full boat, Pure’s products were arguably no more affordable up front than gas options, but they were certainly a lot cleaner and quieter.
But a tough market seems to have put an end to Pure’s ambitions. The company entered receivership — a sort of alternative form of bankruptcy — in July, per filing documents in King County, Washington, where it is based. In August it was also reported that a planned multi-million-dollar factory in West Virginia would not be going forward.
The documents describe numerous creditors, from individual investors to banks to the big one, GM, which put approximately $35 million into the venture. That wasn’t all cash, though: listed among Pure’s assets is some $25 million worth of “manufacturing support,” “know-how,” licensing of the name, and other forms of non-pecuniary goods. (This type of in-kind investment is fairly commonplace.)
On the asset side, we find $3.6 million in “finished goods,” likely the assembled motors and battery units built by Pure, though why those would not have gone out to the more than 900 people who paid a down payment is unclear (nor is whether refunds will be issued). Another $25.5 million of “raw materials” is also listed, but what this may be is unclear — other documents detailing sale of assets like boats and batteries don’t come near that sum.
TechCrunch has asked both Pure and GM for comment on the matter. GM did not offer a substantive response and we have not yet heard back from Pure.
Electric watercraft is a growing but still nascent industry, with startups like Candela, Navier, FleetZero and Zin Boats making a play for cleaner, more efficient waterways and infrastructure.
Technology
The Verge’s favorite home office keepsakes
We asked the folks here at The Verge what they have on their desks or in their offices that they keep just for the hell of it — because they like it, because it means something special, or just because. Here are some of the answers we got.
A looping gif of our late cat Pouncey on my keyboard’s LCD
Antonio G. Di Benedetto, commerce / deals writer
One year ago, my wife and I were forced to say goodbye to one of our two beloved cats, Pouncey. She was a caring companion of over 11 years that my wife adopted as a kitten shortly before we started dating, making her a fixture in our relationship. That made it all the more traumatic when our farewell, due to her deteriorating health, was more sudden than expected. But in addition to all the photos and videos we have to remind us of our bestest girl (apologies to our eight-month-old daughter), I’m given a heart-warming reminder of Pouncey every time I sit down at my desk.
When I got my Meletrix Zoom75 mechanical keyboard from a long-awaited group buy preorder last year, I opted for the built-in LCD add-on because — well, why not? And, maybe unsurprisingly, once I built my board with that little screen inside it, I wondered, “Okay, what do I do with this thing?” So, I left it displaying something boring like battery level.
After Pouncey’s passing, I reconsidered the looping GIF feature and decided to put a cute clip of our girl on there. The GIF was just a burst of images from a random day, and if you look closely, you can see her eyes adorably widen once she notices me taking her picture. We now refer to it as The Pouncey Keyboard, and while it’s bittersweet to see her nuzzling on my desk but unable to feel her soft fur or hear her gentle purrs, I love seeing “our Pouncey-girl” every day.
The Legend of Zelda Heart Container Icon Light
Sean Hollister, senior editor
Whenever I’m feeling a little worn out, I’ve got an extra life sitting on my desk. My family bought me this Legend of Zelda heart container one year ago, so it encapsulates their love, too! (Less significant if you buy it for yourself, so I’d recommend gifting it instead.) It glows when you press the front button, and that’s it. Two AA batteries won’t power it for months on end, so turn it off when you’re feeling cheerful again! You can also import a Tears of the Kingdom version based on the newer game.
Command spring wall clips
Allison Johnson, reviewer
I get cold feet about putting nails in the wall in my office (which, incidentally, is also my bedroom). So, I end up with a pile of little things I kind of want to put on the wall but can’t commit to, like something my kid drew or the mess of tech event badges in my desk drawer. But recently, I’ve been on a command strip kick, putting up little hooks and clips around the house, and I started using them to decorate the wall behind my desk.
The clothespin-type clips are perfect; I can swap in a new piece of cute kid artwork whenever I want, and I don’t have to commit to their placement. That’ll come in handy if I want to rearrange my office — er, bedroom — and I’ve never had a problem taking them off the wall damage-free.
TWSBI Eco fountain pen
Adi Robertson, senior tech & policy editor
I keep a paper planner and notepad(s) for tracking stories and meetings, and the TWSBI Eco (in creme rose gold with burgundy Noodler’s ink) is my favorite writing implement for all of them. It’s a reasonably priced fountain pen that’s attractive, not hard to fill, and feels good to fidget with.
Link amiibo for The Legend of Zelda: Tears of the Kingdom
I’m not really one for desk trinkets, but I love this Link amiibo for The Legend of Zelda: Tears of the Kingdom. I get inspired by the way Link seems to be using his Ultrahand powers to craft a better world around him. If he can do it, maybe I can, too — though I might have to make things happen without a magical arm.
Kirby pencil case
Kylie Robison, senior AI reporter
My tiny Moleskine notebook keeps track of my whole life — I go through about two a year. That’s where I keep my weekly and monthly calendars, along with any source / general meeting notes. I use micron pens because they’re simply the best, and I keep them in a Kirby pencil case that I’ve even shown off in Verge videos (see above). I just recently redid my entire home office, and part of that was lots of decor, my favorite being an LED Majora’s Mask.
Dorothy Parker finger puppet
Barbara Krasnoff, reviews editor
I love Dorothy Parker, both for her writing and for her acrid personality. I once even bought a bottle of gin because it was named after her (and, to tell you the truth, it wasn’t half bad). So, when I spotted her among a plethora of famous people finger puppets at a book fair a few years ago, I simply had to buy it. The Parker puppet has a small magnet on the back of its head, so it can easily hang on any metal surface. In fact, I brought it with me when I started working at The Verge, and when I accidentally left it in the office during lockdown in 2020, I was bereft. Luckily, Dorothy hung in there throughout the pandemic, and she’s now back in my home office, grinning sardonically at me.
Cute desk note holder
Victoria Song, senior reviewer
A while back, a friend gave me this adorable cat-shaped desk note holder as a souvenir from Beijing. At first, I didn’t know what to do with it. Then, I started putting motivational notes into it, and surprisingly, that worked. After a while, I started printing or writing out the occasional meme. (Why, yes, I did write the entirety of Vice President Kamala Harris’ coconut tree speech on a Post-It one week.) When I’m really in need of strength, I stick on a photocard of my favorite K-pop singer.
This only really holds one note at a time, which helps keep me creative week-to-week. Most importantly, it reminds me to take breaks and laugh at myself whenever I get too self-serious. I don’t know where to get this exact desk note holder, but you can find a bunch of fun ones on Amazon and Etsy.
Technology
Obscure SSD vendor is using revolutionary cooling system in order to deliver best-in-class performance — iodyne’s portable SSD packs AirJet, iPhone connectivity and unique RAID-6 capabilities in a tiny footprint
iodyne has announced the Pro Mini SSD, a portable, bus-powered storage solution designed for professionals. The Pro Mini features a durable machined aluminum chassis with Frore AirJet membrane vibration cooling to prevent thermal throttling and ensure the SSD delivers consistent performance even under heavy data loads.
Iodyne claims the device achieves sustained performance of over 3GB/s, making it ideal for tasks like video editing, media offloading, and data transfer. Pro Mini provides solid security through XTS-AES-256 encryption and RAID-6 data protection, safeguarding data even in the event of a hardware failure. Passkeys replace traditional passwords, allowing users to securely unlock the device with their phone or computer. It offers NFC tap-to-unlock functionality too.
The SSD includes a customizable digital label that displays project names or other relevant information on its 2.1-inch e-ink display. The multiple containers feature allows users to divide the SSD into distinct partitions, each with its own filesystem.
Available in 4 and 8TB capacities
The Pro Mini comes with USB 4 and Thunderbolt (40 Gbps) ports so you can plug in a wide range of devices, including phones, tablets, cameras, and computers. Additionally, Find My tracking helps users locate lost or misplaced devices, while Fleet Management via the iodyne app allows for remote provisioning and management of multiple drives.
Mike Shapiro, Co-President iodyne said, “There is so much powerful performance and revolutionary engineering packed into the Pro Mini. Every single feature was thoughtfully designed with the specific needs of production professionals in mind – innovative breakthroughs thanks to our collaboration with Frore Systems to bring solid-state active cooling to portable SSDs.”
Pro Mini comes in 4TB and 8TB capacity, ideal for those needing to store large amounts of data, such as 4K video footage. It is available to preorder now and is expected to ship in Q1 2025.
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Technology
Meet Valkyrie, NASA’s humanoid robot paving way to the moon and Mars
Part Transformer, part Star Wars stormtrooper and with hands that look like they can crush beer cans, at 1.8 metres tall and weighing 120 kilograms, NASA’s Valkyrie robot is an intimidating figure. It is currently being put through its paces at the Karda laboratory in Australia so researchers can work out what it would take to get a humanoid robot onto offshore energy facilities or into space. New Scientist‘s James Woodford took the controls to see what the $2 million-plus device is capable of.
Topics:
Technology
This was a huge week for AI. Here are the 5 biggest announcements
The race toward achieving AGI (artificial general intelligence) continued apace with what felt like a monumental week in the rapid development of AI.
From Apple giving us a taste of its Intelligence to huge advances in AI-generated video, let’s take a look at some of the top AI stories from this week.
Apple Intelligence soft launches
It was an eventful week for the Cupertino-based device manufacturer. We saw the public debut of iOS 18, WatchOS 11, and MacOS 15, immediately followed by the iPhone 16 and Apple Watch 10 going on sale, as well as Apple rolling out its first update to the new OS with 18.1 beta.
The beta doesn’t offer the AI’s full feature suite — we don’t expect to see that until 18.1’s official release in October — but it is enough to give interested users a taste of what the generative AI agent will soon be capable of.
Though, from what Digital Trends already seen, Apple Intelligence is going to likely need more refinement and polish before it’s ready for the public.
Lionsgate partners with Runway to train AI video models
Weird, I could have sworn last summer’s Hollywood writers strike happened specifically in opposition to Hollywood’s ill-considered embrace of generative AI. That collective action has apparently done little to dissuade Lionsgate from jumping right back on the AI bandwagon, which announced this week that it is partnering with Runway, makers of the Gen-3 Alpha video generation model.
The agreement will see the two companies collaborate to develop and train a video generation model using Lionsgate’s expansive catalog of film and TV content. The two plan to use it to “develop cutting-edge, capital-efficient content creation opportunities,” which we all know is the hallmark of great cinema and not a poorly conceived attempt to disenfranchise the thousands of storyboard artists, lighting and effects designers, actors, musicians, and others that perform the actual labor of producing movies and TV series by replacing them with a slapped-together generative AI.
Snap releases new, gigantic, Spectacles AR glasses
Snap keeps trying to make AR glasses a thing. This week the company released the fifth and latest iteration of its Spectacles AR glasses line. The new hardware offers a wider field of view and a display that appears similar to “a 100-inch display 10 feet away,” while SnapOS and the associated smartphone app have both received significant upgrades over their previous versions. Snap is also reportedly teaming with OpenAI to bring “cloud-hosted multimodal AI models” to the smart glasses.
The new specs also weigh a hefty 226 grams, which is over 100 grams more than last year’s edition, and look like something Edna Mode would wear. They’re currently only available to developers who shell out $99/month for program access, and there is no word yet on when a consumer version will be released.
YouTube’s new AI tools do most of the content creation process for you
In an effort to lower the barrier to entry for new content creators and better compete with short form video platforms like TikTok, YouTube introduced a bevy of new AI-enhanced production tools this week. Google announced Wednesday at its Made on YouTube event in New York City that DeepMind’s Veo video generation model will be incorporated into YouTube Studio. The model can generate six-second clips in 1080p resolution and a wide variety of cinematic styles, from only a text prompt.
The company is billing these new features as a “brainstorm” assistant that can suggest topics for the video, as well as generate a title, thumbnail, and the first few lines of the script. Users will also be able to use Veo in conjunction with Dream Screen, which generates AI background images. You’ll be able to create a static background with Dream Screen then animate it using Veo.
Coincidentally, did you know that having a chatbot write a 100-word email for you consumes the equivalent of three bottles of water and 14 LED light bulbs running for an hour? Maybe try using that noggin of yours to brainstorm some original ideas instead of boiling lakes to hear a large language model’s recursive suggestions.
Runway’s Gen-3 Alpha now offers video-to-video generation
Runway Gen-3 Alpha just leveled up with Video-to-Video
Now you can transform any video's style using just text prompts at amazing quality.
10 wild examples of what's possible:pic.twitter.com/onh12zCzpI
— Min Choi (@minchoi) September 15, 2024
Before it announced its partnership with Lionsgate, Runway started the week by rolling out a new feature for its Gen-3 Alpha video generation model: the ability to change the cinematic style of any video through text prompts. AI enthusiasts are having a field day with the new tool.
You can see the technology in action in the social media post above. Runway also debuted an API this week that will enable third-party developers to incorporate the video model into their own apps, systems, and devices.
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