Daily Crunch: Meta’s ‘year of efficiency’ continues as CEO announces plans to dismiss 10,000 more workers
Meta plans to eliminate another 10,000 jobs, stop filling thousands of open positions and cancel projects it considers low priority. The roundup also covers Google’s plans to add AI features to Workspace and OpenAI’s release of GPT-4. Flat6Labs is raising a $95 million fund to invest in startups across East and West Africa.
Mar 2023TechCrunchNews article
Daily Crunch: Meta’s ‘year of efficiency’ continues as CEO announces plans to dismiss 10,000 more workers
Meta plans to cut another 10,000 jobs, leave thousands of open positions unfilled, and cancel projects it considers low priority. The roundup also covers Google’s plans to add AI features to Workspace and OpenAI’s release of GPT-4. It reports on startup and venture capital concerns following Silicon Valley Bank’s collapse, as well as Flat6Labs’ new $95 million fund for startups in East and West Africa.
Mar 2023TechCrunchNews article
Flat6Labs
Egypt-based VC firm leading seed and early-stage investments, managing top startup programs in MENA.