Blind TL;DR Edition No. 35: Week Ended July 8, 2022
Blind TL;DR helps you stay on top of what shaped the tech industry this week in about 3 minutes. Keep tabs on the latest with insights straight from the newsmakers—technologists like you.
Have the layoffs started?
With a hiring freeze, Twitter thinks its recruiters have little to do. The social media app laid off a third of its talent acquisition team, which includes coordinators and recruiters, and fired some recruiting contractors. Fewer than 100 people lost their jobs this week.
Find out how the layoffs might have come at the worst time on Blind.
On a mission to repopulate the world
Tesla CEO Elon Musk has long been concerned about the world’s population. The world’s richest man has regularly posted concerns about birth rates on social media and has joked that he’s doing his part—pointing to the size of his family. Elon is the father of nine children, including twins, with one of his company’s top executives.
Check out the reactions to the news that broke this week.
Three years of runway
This week, Bolt said it has enough money to operate for at least the next three years and a roadmap to achieving profitability. The one-click checkout company laid off 250 people two months ago and recently settled a lawsuit with one of its biggest customers.
You might remember the industry because its competitor Fast shut down after burning through too much money.
Was Trump right after all?
It turns out TikTok employees outside of the U.S. can access American users’ data. The company told U.S. senators this week that some China-based employees had access to consumer information. The social network is working with the U.S. government to improve its data security, which may include physically storing U.S. data in the U.S.
No longer flyover country
The U.S. Midwest is a growing center for tech. Some of the largest tech employers, including Amazon, Microsoft and Square, hire technologists in Missouri, for example. Blind recently analyzed the Midwest software engineers’ total compensation packages to identify the top 13 best-paying cities for programmers.
Find out which city is No. 1 in the Midwest—only on Blind.
What do recruiters do?
Recruiters do more than send you the occasional message on LinkedIn or email you about the next step in the interview process. Some recruiters are heavily incentivized to advocate on your behalf and max out the offer you receive.
Blind asked a 20-plus-year veteran of the recruiting industry everything you might want to know about what recruiters do and how you can best work with them. Bookmark Blind’s ultimate guide to recruiting and working with recruiters.
Be a newsmaker
Make an impact with your work. The top companies in the headlines are using Blind to grow. Find out how you can get an offer from some of the most innovative and fast-growing companies.
