Intel reportedly plans to lay off over 21,000 employees

Intel is set to cut over 21,000 people, or roughly 20% of its workforce, with an announcement due this week, according to a Bloomberg report.  The news comes ahead of Intel’s Q1 earnings call helmed by recently appointed CEO Lip-Bu Tan, who replaced longtime chief Pat Gelsinger last year.  With the layoffs, Tan aims to…

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Instagram co-founder: Zuckerberg saw us as a ‘threat’ to Facebook

When Instagram was acquired for $1 billion in 2012, co-founder Kevin Systrom believed that joining Facebook would help Instagram’s “skyrocketing growth” reach even greater heights.  In some ways, it did. Instagram now has billions of users and has since “generated many multiples of that price and then some,” Systrom said on Tuesday from a Washington,…

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Instagram Launches ‘Edits’ App to Replace CapCut

Instagram today launched Edits, a video editing app that fills the void left by the removal of the ByteDance-owned CapCut app earlier this year. CapCut was pulled from the App Store when TikTok was, but it has not returned. Just after CapCut was removed from the ‌App Store‌, Instagram announced that it was working on…

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