Jan 21, 2023 - Daily Crunch: Alphabet CEO lays off 12,000 people, says company 'hired for a different economic reality

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From the Editor's Desk How to Fix Climate Change (A Sneaky Policy Guide) Climate change is a planetary emergency. We have to do something now — but what? Saul Griffith, an inventor and renewable electricity advocate (and a recipient of a MacArthur "genius" grant), has a plan. In his book "Electrify," Griffith lays out a detailed blueprint for fighting climate change while creating millions of new jobs and a healthier environment. Griffith's plan can be summed up simply: Electrify everything. He explains exactly what it would take to transform our infrastructure, update our grid, and adapt our households to make this possible. Billionaires may contemplate escaping our worn-out planet on a private rocket ship to Mars, but the rest of us, Griffith says, will stay and fight for the future. "I want readers to be able to understand the main arguments of this book without getting stuck in too many details," he writes in one of the book's appendices, excerpted below. "Here, I will try to offer you dinner party-ready talking points for the main questions that people will inevitably have for the main argument of the book. Each topic is worthy of a book in itself. If I dispose of a favorite baby of yours too quickly here, or you think I have it all ass-backward, then we should grab a beer sometime."—The Editors Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work Daily Crunch: Alphabet CEO lays off 12,000 people, says company 'hired for a different economic reality Are you still playing Wordle? Or perhaps you switched to its clone Quordle. Well, Quordle was acquired by Merriam-Webster, Paul reports. If you’ve never tried it, Quordle is similar to the basic Wordle concept, guessing a word in a certain amount of tries, except there are four five-letter words to guess at once, with just nine tries. It might be just the thing to warm you up on a cold winter’s night. Work Kenyan security forces kill 10 suspected al Shabaab fighters Kenyan security forces have killed 10 fighters from Somalia's al Shabaab Islamist group in eastern Kenya, a government official said on Thursday. � � � Work U.S. FAA says 'unintentionally deleted files' prompted computer outage The Federal Aviation Administration (FAA) said on Thursday a preliminary review found that contract personnel "unintentionally deleted files" disrupting a key computer system and prompting a nationwide groundstop on Jan. 11 that disrupted more than 11,000 flights. Work EU plans to defeat China and US in clean tech battle The EU Commission's head has announced the bloc's new plan to transform Europe into the global leader in clean tech. You Might Like � � � Work ForbesWomen Weekly: Jacinda Arderns Shocking Resignation. Plus: Why Do Women Take Less Time Off Than Men? This is this weeks ForbesWomen newsletter, which every Thursday morning brings news about the worlds top female entrepreneurs, leaders and investors straight to your inbox. Sign up today! Work Fed will face tough choices the longer debt ceiling impasse persists -analysts The standoff over the U.S. government's borrowing limit is unlikely for now to crimp the Federal Reserve's plans for higher interest rates and to shrink its massive balance sheet, but it could force tough choices the longer the impasse drags on. Work 7 charged with domestic terrorism after deadly shooting near proposed Atlanta police training facility | CNN Seven people were arrested and charged with domestic terrorism following the fatal shooting of one person and the shooting of a Georgia state trooper near a proposed Atlanta police training facility, according to the Georgia Bureau of Investigation. Work Inflation in Japan hits highest level in 41 years | CNN Business Japan's core consumer prices in December rose 4.0% from a year earlier, double the central bank's 2% target and hitting a fresh 41-year high, data showed on Friday, adding to recent growing signs of mounting inflationary pressure. You Might Like � � � Work South Korea slum fire: Hundreds evacuated in Seoul It took more than 900 firefighters several hours to put out the blaze. Work 7 Entrepreneurial Tactics These Big Companies Used to Dominate and How to Learn from Them There are companies throughout history that have broken all the boundaries of advertising and branding. Their tactics were out of this world. They analyzed their market and perfectly executed their message in direct and indirect ways. They changed the way their business operated if it didnt work and strived through economic problems. They are inspiring [] � Work Scientists perform real-time environmental sensing over 524 kilometers of live aerial fiber In a new field trial, researchers show that a real-time coherent transceiver prototype can be used for continuous sensing over a 524-km live network aerial fiber wound around high-voltage power cables suspended from outdoor poles. Work What to Do When an Employee is Underperforming There are things more satisfying for a business owner, manager, or entrepreneur than having a team of employees that work efficiently and harmoniously together. When every member of your team is meeting their goals, the business grows and makes your life easier. However, when a team has one of more underperforming employees, it can derail [] � Work U.S. home sales slump to 12-year low; glimmers of hope emerging U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to finding a floor. Work Dozens of Women and Girls Kidnapped by Extremists Are Freed in Burkina Faso More than 60 people were abducted a week ago while searching for food in an area blockaded by insurgents. On Friday, the military said the captives had been released. � Work Stanford psychology expert: This is the No. 1 skill parents need to teach their kidsbut most don't Want to raise smart and successful kids? Teaching them how to stay focused and indistractable is a skill that will serve them well no matter what life path they pursue. Here's how to do it. Work Sajid Javid calls for patients to pay for GP and A&E visits Radical reforms needed to tackle waiting times, says former health secretary � Work Jim Cramer names 6 e-commerce plays that are buys, says to wait on Amazon "There are still some e-commerce plays that I'm willing to get behind here, the ones that have truly prioritized profitability," he said. Work U.S. asks judge to hold Shkreli in contempt for allegedly flouting pharma industry ban A judge had imposed a lifetime ban on Martin Shkreli working in the drug industry last year. Work Omicron subvariant XBB.1.5 makes up nearly half of U.S. COVID cases- CDC The fast-spreading Omicron XBB.1.5 is estimated to make up nearly half of U.S. COVID-19 cases, data from the Centers for Disease Control and Prevention (CDC) showed on Friday, putting it on track to become the dominant subvariant in the country. Work Morgan Stanley cuts CEO James Gormans pay to $31.5mn after profits drop Investment bank cites weaker financial performance and challenging economy in 2022 Work North Dakota rejects bill that considers $1,500 fine for using pronouns other than those assigned at birth Republican Sen. David Clemens, of West Fargo, says he hopes the bill will discourage schools from promoting transgenderism. Reed Eliot Rahrich, who identifies as transgender, says the proposal is an affront to human rights for transgender people and state-funded employees. Work Twitter is down to fewer than 550 full-time engineers Before Musk led a $44 billion leveraged buyout of Twitter last year, Twitter's headcount stood at about 7,500 employees. Work European nations that support sending Ukraine tanks denounce the failure to reach a deal to do so. Work AWOL Navy SEAL Daniel Swift killed in Ukraine, official says Daniel W. Swift was killed in Ukraine on Jan. 18, an official told CBS News. Work 5 Colorado first responders charged in 2019 death of Elijah McClain plead not guilty to all charges | CNN The five Aurora, Colorado first responders indicted by a state grand jury for the 2019 death of Elijah McClain pleaded not guilty to all charges Friday afternoon in an Adams County courthouse. Work Former ZebPay CEO Avinash Shekhar Launches Web3 Startup TaxNodes Former ZebPay CEO Avinash Shekhar launches his own startup TaxNodes in the Crypto and Web3 spaceFormer ZebPay CEO Avinash Shekhar launches his own startup TaxNodes in the Crypto and Web3 space, , zebpay, Avinash Shekhar, Web3 Startup, Crypto sector, TaxNodes Work GOP Rep. George Santos denies claims he performed as a drag queen | CNN Politics Embattled Republican Rep. George Santos is strongly denying claims that he once performed as a drag queen. Work Nikki Haley teases a 2024 presidential run: 'We need to go in a new direction' And can I be that leader? Yes, I think I can be that leader, Haley said in a new interview, adding, Ive never lost a race. Work How liars create the illusion of truth Repetition makes a fact seem more true, regardless of whether it is or not. Understanding the "illusion of truth" effect can help you avoid falling victim to this trick. Work Nadhim Zahawi agreed on penalty to settle tax bill worth millions Claim over sum imposed by HMRC likely to raise further questions for Conservative party chair Work Treasure hunters circle in search of Islamic States lost loot The ruins of Iraq and Syria are proving a treasure trove, with former foes vying to uncover buried bullion, dollars and jewels Work Barclays upgrades Ralph Lauren, a 'best-in-class' apparel name with growth opportunities There's no better time to buy up shares of a solid apparel name with upside potential, according to Barclays. Work Spanish police detain Brazil's Dani Alves over sexual assault allegation BARCELONA :Dani Alves appeared before a judge in Barcelona on Friday over a sexual assault allegation after Spanish police detained and questioned the Brazil defender and the public prosecutor requested he be jailed on remand.A spokesperson for the local Mossos d'Esquadra force said officers had taken Alves, Work Byjus to shed thousands more jobs Employees across the edtech giants category and strategy teams are likely to be affected the most. Work People are keen to move out of big cities due to inflation. They are eyeing these sunny locations for lower-cost living. Americans are opting for sunny, more affordable destinations to relocate to, rather than big cities like New York and Los Angeles, according to a Redfin report. Work Peru grapples with 'nationwide chaos' as protests spread Peru's capital, Lima, awoke on Friday to find one of the city's most historic buildings burnt to the ground after another night of anti-government protests that extended across the country, as the president vowed to get tougher on "vandals." Work Virginia's Democratic Sen. Tim Kaine announces bid for third Senate term \"Tim Kaine has proven to be an exemplary Senator that continues to deliver for Virginia and our country time and time again,\" Senate Majority Leader Chuck Schumer, D-N.Y., said in a statement to NBC News. Work Opinion: The solution to the U.S. debt disaster is a value-added tax —Peter Tanous is founder and chairman of Lynx Investment Advisory in Washington, D.C. He is the author of several books, including \"Debt Deficits and the Demise of the American Economy\" and \"The 30-Minute Millionaire,\" both with CNBC.com Economics Editor Jeff Cox. Work Justice Department tells Jim Jordan it won't share information about ongoing investigations | CNN Politics "House Judiciary Republicans are committed to holding each agency accountable under the new majority and will use compulsory processes, if necessary, to get answers for the American people," he added. Work Florida gives its reasons for rejecting proposed AP African American Studies course | CNN Politics Under DeSantis - whose standing among conservatives has soared nationwide following his public stances on hot-button cultural issues and who is said to be weighing a potential 2024 presidential bid - the state has banned the teaching of critical race theory. Last year, it moved to prohibit instruction that suggests anyone is privileged or oppressed based on their race or skin color. Work Flu, Covid-19 and RSV are all trending down for the first time in months | CNN "We're just not utilizing [vaccines] most effectively around the world. I mean 30% of the world still has not received a single vaccine," she said. "In every country in the world, including in the US, we're missing key demographics." Work Allies Fail to Agree on Sending Tanks to Ukraine The lack of agreement was certain to disappoint many in Ukraine, including President Zelensky, who had appealed directly to the officials before the talks began. “Hundreds of thank-yous are not hundreds of tanks,” he said in a video address. “All of us can use thousands of words in discussions, but I cannot use words instead of guns.” Work Layoffs at Alphabet are the latest sign Big Tech is finally taking steps to manage ballooning expenses Google parent Alphabet (GOOGL) on Friday became the latest technology giant to lay off thousands of workers — a move we expected from the Club holding given falling advertising revenue and growing fears of a recession. Work Record high share in U.S. report delaying medical treatments due to costs here's how you can save on health care \"Getting onto a treatment plan immediately may delay the debilitating effects of a condition, like muscle degeneration,\" Donovan said. \"In fact, early detection for conditions like cancer can save your life.\" Work 4 questions to ask when evaluating AI prototypes for bias By asking challenging questions, AI teams can find new ways to improve their models and strive to prevent these scenarios from occurring. For instance, a close examination can help them determine whether they need to look at more data or if they will need a third party, such as a privacy expert, to review their product. Work Rishi Sunak fined for not wearing seatbelt during Lancashire visit Meanwhile, the announcement of the latest round of levelling up funds was marred by accusations by Andy Street, the Conservative mayor for the West Midlands, that the government was fostering a “begging bowl culture” among local authorities. A Guardian analysis also revealed that Tory seats had received considerably more money from the fund than other seats with similar deprivation levels. Work Biden accused of hypocrisy as he seeks extradition of Julian Assange “If Julian Assange ends up in a maximum security prison in the United States for the rest of his life, every other journalist around the world will think, ‘Should I really report this information I’ve been given? Should I really speak out about this denial of human rights or miscarriage of justice in any country?’” he said. Work Elijah McClain: officers to enter pleas to charges in death of Black man put in chokehold In the summer of 2020, police dressed in riot gear used pepper spray to disperse a largely peaceful gathering of thousands at a vigil in Aurora protesting McClain’s death, including local musicians playing violins to honor his love of the instrument, which he played. Work Area 120, Google's in-house incubator, severely impacted by Alphabet mass layoffs Area 120 underwent a reorg in 2021 that saw the group moved into a new Google Labs division led by Clay Bavor, where it lived alongside other forward-looking efforts at Google having to do with augmented reality, virtual reality and videoconferencing. Then came cuts. Last September, Google canceled half the projects at Area 120 and majorly reduced the program’s staffing. Work North Dakota rejects bill that considers $1,500 fine for using pronouns other than those assigned at birth Republican Sen. David Clemens, of West Fargo, says he hopes the bill will discourage schools from promoting transgenderism. Reed Eliot Rahrich, who identifies as transgender, says the proposal is an affront to human rights for transgender people and state-funded employees. Work Morgan Stanley cuts CEO James Gormans pay to $31.5mn after profits drop Investment bank cites weaker financial performance and challenging economy in 2022 Work Area 120, Google's in-house incubator, severely impacted by Alphabet mass layoffs Area 120 underwent a reorg in 2021 that saw the group moved into a new Google Labs division led by Clay Bavor, where it lived alongside other forward-looking efforts at Google having to do with augmented reality, virtual reality and videoconferencing. Then came cuts. Last September, Google canceled half the projects at Area 120 and majorly reduced the program’s staffing. Work Debunking the myths of why venture investors don't fund diverse startups For one, women (especially Black women) are more likely to start a business than men (and continue to open companies in increasing amounts), meaning the idea that there aren’t enough women to invest in is simply untrue. Work Thoma Bravo agrees to acquire digital forensics firm Magnet Forensics for over $1B For Thoma Bravo, which now has an estimated more than $114 billion in assets under management, Magnet Forensics is the latest in a series of high-profile software venture purchases. In 2022, the firm spent billions of dollars buying cybersecurity startups Ping Identity, Sailpoint, ForgeRock, Bottomline Technologies and Coupa Software. Work With a focus on patients with chronic illness, Nourish hopes to help Americans eat better There’s still plenty of room for Nourish to grow on both fronts: The vast majority of chronic illness patients who could benefit from seeing an RD currently don’t, and even when they do, eating well remains a struggle. Will an app help make their journey easier? Only time will tell. Work 4 investors discuss the next big wave for alternative seafood startups We have strong indications that FDA clearance is coming, and that will tick a big box for institutional and later-stage investors. Once this is behind us, it will be about who is in the market showing traction and producing a product at a price point that makes a compelling business case. Work GoodOnes raises to help make sense of your mess of a camera roll “With the creation of mobile platforms, we ended up delivering powerful computers, digital cameras and streaming devices in everyone’s pocket – we could never have anticipated the volume of new content that would be created,” Rich Miner, who co-founded Android, and is an angel investor in GoodOnes’ round, said in a statement. “GoodOnes brings powerful curation to the deluge of photos we’ve all come to accumulate. I’m very excited about this tool & tech, which is why I was thrilled to invest.” Work Why international DFIs are looking to African startups to scale impact investing efforts Usually deploying capital from national or international development funds, DFIs back development and private-sector projects in less industrialized economies to promote job creation and sustainable economic growth. Keen to align with those missions, these organizations seek to back tech startups that can make an impact — for example, tech that grants and increases marginalized populations’ access to financial services, food and energy. Work TechCrunch+ roundup: 2023 unicorn slump, global VC slowdown, email marketing 101 I’m a co-founder of a very early-stage startup. My co-founder and I are considering bringing on a third co-founder, who was recently laid off. She is currently in the United States on an H-1B with a grace period that will expire soon. Work A new kind of PE fund plans to roll up German startups into potential unicorns and bigger exits If Haas is right, then German startups just got a potential new exit opportunity. And in this downward-leaning macro environment, that can be no bad thing, especially if you are a startup finding it difficult to raise and are looking for the exit doors. Work Gas, Slay, what's next? Fire? Equity drops at 10:00 a.m. PT every Monday and at 7:00 a.m. PT on Wednesdays and Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together, and more! Work The NATO Alliance Is Holding Strong on Ukraine. But Fractures Are Emerging. “This isn’t really about one single platform,” Mr. Austin said, quickly pivoting to note that Ukraine was still getting more than 100 Bradley fighting vehicles and nearly 90 Stryker combat vehicles from the United States, the equivalent of “two brigades of combat power.” TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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