Twitter layoffs violated federal worker protections, alleged class action • TechCrunch

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Friday, all eyes were on the large number of Twitter employees who were given the boot, at random, with many of them finding out that they had lost their jobs because they couldn’t log into their email accounts. theirs when they show up for work in the morning. Sorry. Christine and Haje

TechCrunch’s Top 3

  • Not enough WARNING: Twitter is make a big layoffas reported by Amanda and Catherine. The company is currently considering a class-action lawsuit alleging that Elon Musk failed to give proper legal notice when making the aforementioned layoffs. Sarah and Ivan there are many more.
  • More ways to pay: Venmo and PayPal are closely following Stripe and Square to start supporting Apple’s Tap to Pay feature on iPhone, Ivan write.
  • Metal pedal: Connie was in Lisbon covering the Web Summit and had this story on Formula 1’s Toto Wolff, who said he was looking for telemetry software to help his team get the checkered flag again. .

Start-ups and VC

If you’re running a company that ships hundreds of thousands of boxes of frozen meat around, you probably don’t want to run every detail of your supply chain yourself. That’s what outsourcing is – so why ButcherBox built two dry ice factories during the pandemic? It turned out to be a combination of eliminating risk and making the most of financial incentives, Haje report.

Commercial electric vehicle company Get alerts from Nasdaq Stock Market because its stock price is trading so low, Rebecca report. The company issued a press release saying it received notice that it did not comply with Nasdaq’s requirement to trade in common stock above $1.00 per share for 30 consecutive business days prior to notification date.

And in other good news…

What investors really think about the TAM slide in your pitch presentation

TC+ panel sketch at TC Disrupt 2022, "Get your BS out of your TAM"

Image credits: Bryce Durbin / TechCrunch

Are you ready to launch a baji billion dollar startup? Before you start: Are you planning to build a centaur, a unicorn, or perhaps a unicorn?

The startup pitch has become an existential drama, in part because too many founders have exaggerated the size of the total addressable market (TAM) they hope to compete in.

Deena Shakir, a partner at Lux Capital, said: “The way it is calculated and how the founders think about it does not necessarily tell us about the business or its future, but about how the founders think about it. think about starting a company.”

Three others from the TC+ team:

TechCrunch + is our membership program aimed at helping founders and startup teams stay at the forefront of the field. You can register here. Use code “DC” to get 15% off your annual subscription!

Big Tech Inc.

Sorry, we have to have another Twitter day, but we promise to include some other really cool posts. The first day, Amanda wonder if porn is the way for the social media giant compensate some of its losses and make more money. Meanwhile, Kyle reached out to many advertisers on Twitter to see what their plans were after Elon Musk took over. Spoiler, they are pausing spending.

And we have five more for you:

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