Salesforce CEO says he admits that ‘we hired too much people’ as the company layoffs +7,000 employees

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We are glad to be here in the middle of the week. Tomorrow is CES, so make sure to bookmark TechCrunch’s website. dedicated CES page To keep up with all the happenings. Let’s get to the news!  — Christine

TechCrunch Top 3

• Another round of layoffs: Paul has the latest on what’s happening over at Salesforce. The company said it had to cut its workforce by 10% — approximately 7,000 people — and will close offices in several markets. He checked out Salesforce’s SEC filing related to the matter and reported that CEO Marc Benioff stated the layoffs were a result of hiring “too many people leading into this economic downturn we’re now facing.”

• Not so happy new yearMeta received more privacy fines and corrective steps as the year turned. Over $410 million was imposed on Meta by the European Union for new fines. This was due to the large number of General Data Protection Regulation (GDPR), complaints about the legal basis. [Meta] Claim [it has] To run behavioral ads Natasha L writes.

• Get food, mail your packagesYou can now have both your food AND your packages. DoorDash has launched a new service that picks up prepaid packages from customers and drops them off at UPS, FedEx, USPS locations. Aisha reports.

Startups and VC

It’s Autodesk’s turn for a competitor, and Snaptrude wants to be it. The startup took in some fresh venture capital To take on the design giants in the building design area Jagmeet writes. Snaptrude hopes to bring better interoperability, cloud-based collaboration, and a new level of efficiency where other companies, such as Autodesk, are failing.

We also have four more options for you:

• It is a little too slow: If your mobile app can’t keep up, customers may keep away. Product Science is a method of analyzing and predicting the future. develops mobile app performance monitoring tools, secured $18 million in order to discover flaws within execution to reduce app freezes and other errors. Kyle writes.

• It’s all so surrealAlso by Kyle, SurrealDB joins a crowded managed database service industry, raising $6 million for its database-as-a-service approach.

• IP oh no: South Korean grocery startups are feeling the effects of market uncertainty. Kurly, which scrapped its IPO, Kate reports.

• “There’s a great future in plastics”AlterPacks in Singapore received $1 million in preseed funding turn food waste into food containers, Catherine writes.

5 failure points in ARR that range from $5M to $100M

Image Credits Javier Zayas Photography (opens in a new window) Getty Images

Tracy Young was previously co-founder of TigerEye and CEO of PlanGrid, which is a productivity software startup for construction.

Even though she led the company to $100 million in ARR before its acquisition by Autodesk, “I’ve had years to dissect the mistakes I made with my first startup,” she writes in TC+.

Young shares his thoughts on the “five major failure points” that founders face and gives tactical advice to address internal conflict, lost product-market fit and other missteps.

“If these reflections can help one founder make just one mistake, I consider it worthwhile.”

Two more from TC+:

TechCrunch+ Our membership program helps founders and startups get ahead. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!

Big Tech Inc.

Roku is expanding its product line The company claims that 11 smart TVs were included in the range. Sarah writes. And you won’t have to wait very long to get them — they will be available beginning in the spring.

During this time, 16 stories have been filed by TechCrunch from the Consumer Electronics Show Las Vegas (CES), since yesterday evening. You can find all of them here, but I wanted to point out a few I’ve enjoyed reading so far:

We have five more:

• Something’s going down Down Under: In Twitter News Manish According to reports, there is a lot of users in Australia are experiencing service issues. During this time, the social network is reported to be reversing a political ad ban to bolster up its revenue, Ivan reports.

• Get up and goStellantis has been set to mass produce Archer’s electric aircraft In an expanded agreement, the company will have access to up $150 million in the next two-years. Kirsten reports.

• Time is always on your side: Musical tastes change, so to document it, Spotify’s new time capsule feature You can revisit your musical tastes in a year. Aisha writes.

• Yet more layoffsVimeo was also unhappy with the new year. another round of layoffs This will impact 11% employees. Lauren writes.

• Settlement reachedNew York financial regulators settle with Coinbase for a $100 Million fine. violated anti–money laundering laws Infeasible background checks can lead to serious consequences. Amanda reports.