Thousands of tech workers were laid off last week. Experts say it's just the beginning.

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Thousands of tech workers were laid off last week. Experts say it's just the beginning.
ViDI Studio/Shutterstock; Rachel Mendelson/Insider

Welcome back, folks. Writing to you from an unseasonably warm New York City, I'm your host, Jordan Parker Erb.

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We've got a lot to get to today, so I'm going to get straight into the news, starting with why experts are warning that tech layoffs are just beginning.

Buckle up — it's a busy day.

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1. Thousands of workers were laid off last week. Experts say it's just the beginning. Amid persistent inflation, a collapse in venture funding, and fear in the public markets, more tech companies than ever are being forced to do the unthinkable — slash the size of their workforce.

A look at what lies ahead for the tech industry.


In other news:

Thousands of tech workers were laid off last week. Experts say it's just the beginning.
Elon Musk.Muhammed Selim Korkutata/Getty Images

2. There's a lot going on at Elon Musk's Twitter. Here's the latest:

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Everything else you might have missed over the weekend.


3. Andreessen Horowitz is "betting heavily" on edtech for the next decade. General partner Katherine Boyle explained that even with edtech funding down this year, A16z is still leading deals in the space. She outlines why the sector is worth betting on.

4. Apple users may soon say goodbye to "Hey Siri." Per Bloomberg, Apple is planning to change the "Hey Siri" trigger phrase to just "Siri." A look at what that means.

5. CNN's Chris Licht faces an angry newsroom as more layoffs loom. Licht entered the top job with good will, after the shuttering of the planned CNN+ streaming service sent shockwaves. But now, an insider told us, "people are starting to believe there's no plan."

6. An ex-Apple employee admitted to defrauding the company out of $17 million. After admitting to running multiple fraud schemes, the former employee faces up to 20 years in jail. Get the full rundown.

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7. A Tesla alum used this pitch deck to raise a $2.5 million seed round for his startup. Return, a Web3 climate-tech startup, lets people buy carbon credits to offset their crypto activity. We got a look at the pitch deck its founder used to raise seed funding — check it out here. Plus, check out our full, searchable pitch deck database here.

8. Despite industry layoffs, some tech firms are still hiring. We put together a list of 15 high-paying tech jobs at big-name businesses, like Microsoft, and newer startups. See our list of open jobs that pay more than $200,000.


Odds and ends:

Thousands of tech workers were laid off last week. Experts say it's just the beginning.
Silas Stein/picture alliance via Getty Images

9. We tested Netflix's new cheaper plan with ads. After more than a year subscribed to Netflix's most expensive subscription tier, Insider's writer tested out Basic with Ads — and found some titles aren't available, and that some titles don't have ads at all. Here's a guide to Netflix with ads.

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10. What is Google Keep? The platform is Google's surprisingly versatile version of a note-taking app. From creating voice notes to setting time- and location-based reminders, check out five helpful ways to use the app.


What we're watching today:


Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.


Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb.) Edited by Lisa Ryan (tweet @lisarya) in New York and Shona Ghosh (tweet @shonaghosh) in London.

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