Microsoft lays off hundreds of employees as it kicks off fiscal year 2023 – Nob6

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Hey and glad Tuesday! At the moment we’re celebrating Jagmeet becoming a member of the Nob6 crew. He goes laborious out of the gate together with his inaugural story on the location, overlaying how Wheelocity raises $12 million for its provide chain community for recent commerce in India. Give him your warmest welcome — like by giving him a follow on Twitter!

Oh, and nice information for robotics followers, Brian is speaking with Ayanna Howard and Ayah Bdeir concerning the altering face of robotics in our Twitter Areas. Tune in tomorrow, July 13 at 2 p.m. PT/ 5 p.m. ET by following the @Nob6 Twitter account; we’ll announce it after we begin! — Christine and Haje

The Nob6 High 3

• Only a ‘realignment’: Microsoft is the most recent Large Tech firm to announce layoffs. It’s only a small portion of its workforce — lower than 1% of its 180,000-person worker base — and Kyle experiences the corporate stated the transfer was the results of “realigning enterprise teams and roles.” We’ve a sense there will probably be extra bulletins from different firms doing the identical.
• Who knew a whiteboard may very well be so thrilling?: Fireside Show, that’s who. The startup introduced in $2.8 million to show your whiteboard right into a 27-inch show to point out off the household’s to-do listing, Ivan writes. It has a little bit of a hefty preorder price ticket — $499. It comes with 2 years of free software program, however higher get it now earlier than that turns into $699 with $9 per thirty days for software program.
• Hopefully nobody was injured: SpaceX’s Starship check final night resulted in an explosion. Darrell has extra.

Startups and VC

They are saying there’s a market wobble in progress, however you wouldn’t assume so by the variety of new funds and enterprise corporations that bought introduced at this time. Six of them, in truth:

Whew! That was numerous new funds all in someday. Don’t fear, although, we have now some nonfund information too:

• Airlift comes down for touchdown: Manish experiences that Pakistan’s Airlift is shutting down, citing funding and market situations.
• The machines are nonetheless studying: Kyle experiences that Tecton raises a whopping $100 million, displaying that machine studying continues to be a progress market.
• Oh, it’s Nothing: There’s a shiny new smartphone on the block, as Nothing’s Telephone (1) is formally introduced, Brian experiences.
• Residing on the sting: One other monster spherical within the computing house, as Scale Computing secures $55 million to assist firms handle their edge-computing infrastructure, Kyle writes.
• Hey, swimmers: Posterity Well being desires to assist tackle male fertility wants, Kate experiences.
• Dude, the place are you?: It sucks to not be capable to hear the individual on the opposite finish of the road. New tech is on the best way within the type of  this open supply earbuds challenge, experiences Haje.
• We’re charged up!: In a world the place numerous vehicles are shifting to being battery-powered, battery recycling is seeing numerous investor curiosity, experiences Jaclyn.

M13’s Karl Alomar: Six methods for main startups via a downturn

Picture Credit: horstgerlach (opens in a new window) / Getty Pictures

Fundamental greatest practices won’t assist your organization endure this winter, so we invited M13 managing companion Karl Alomar to hitch us on a Twitter Area to debate six methods for main startups via a downturn:

• Utilizing “ruthless prioritization” to seek out proof factors.
• Traders nonetheless anticipate “wholesome progress.”
• Why founders have to safe 24+ months of runway.
• speak to your traders about pivoting.
• When it’s okay to depart cash on the desk.
• What you should do otherwise to fundraise throughout a downturn.

Primarily based on his time main startups via the dot-com implosion in 2000 and the 2008 Nice Recession, Alomar says it’s crucial for founders to be strategic and never reactive.

“The selections you make in your corporation are going to have an effect on all of the people who give you the results you want, so you’ve to have the ability to handle and talk throughout all these stakeholders very successfully,” he stated.

(Nob6+ is our membership program, which helps founders and startup groups get forward. You’ll be able to join right here.)

Large Tech Inc.

Walmart’s new settlement with Canoo to order 4,500 electrical autos for last-mile supply appears to have come at a superb time for Canoo. Kirsten writes that in Could, the corporate was warning traders that it won’t have the funds for to remain in enterprise. The information additionally gave Canoo a pleasant bump to its share value.

Within the newest saga involving Twitter, the social media large’s legal professionals are calling Elon Musk’s try to get out of an acquisition deal “invalid and wrongful,” Ivan writes. All of this drama is dragging Twitter shares down with it. In the meantime, Twitter is letting customers “unmention” themselves in tweets, Aisha experiences. We’re pondering Twitter needs it may unmention itself from all this nonsense.

We’re your home for all issues Spotify. First, Amanda has protection of the corporate buying music guessing sport Heardle. Positively one thing that will help you bone up for that subsequent music trivia sport evening. Then we have now Ivan writing about Spotify increasing its video podcast publishing function to a further six nations.