tech layoffs

On today’s Tech Bytes: Google launches its AI tool Gemini into the public arena — finally. Plus, ousted congressman George Santos becomes a star on Cameo. But first, Spotify CEO Daniel Ek said the music streaming giant is cutting 17% of its workforce. Here’s the thing, though: The size of Spotify’s user base is actually growing right now. Marketplace’s Lily Jamali is joined by Anita Ramaswamy, columnist at Reuters Breakingviews, for her take on these stories.

A trove of once-secret documents is proving an embarrassment to both America and its allies, and a danger to Ukraine’s planned counter-offensive. The tech industry is shedding workers at a striking pace; we ask where all those laid-off experts are going. And more evidence that suggests pet ownership reduces childhood allergies.

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Eric Newcomer joins to break down all the trending tech topics, including Stripe raising $6B (16:31), major generative ai fundraises (35:55), Silicon Valley Bank dropping 60% (50:35), and more!

(0:00) Jason kicks off the show

(1:55) Eric’s move to independent journalism

(10:07) First Republic Bank - Discover what a long-term financial relationship can do for you. Visit https://firstrepublic.com today to learn more.

(10:57) Take rates and more on Substack

(16:31) Eric’s Scoop on Stripe

(20:43) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(21:46) The narrative around the tech layoffs + Generative AI

(34:24) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

(35:55) The deluge of Funding into AI

(43:39) The state of VC investing

(50:35) Silicon Valley Bank drops 60%

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Fixing the complex, creaking pension system remains central to President Emmanuel Macron’s agenda of reforms. But leaving it alone is central to French identity—so workers are striking, again, in huge numbers. Our correspondent lays out why 2023’s first earnings season is so gloomy. And America is providing more legal protections for polyamorous “throuples”.

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