Instacart cuts 250 jobs after reporting increased revenue

Another day, another layoff occuring in the tech world. Instacart, the popular grocery delivery and pick-up service has announced the termination of 250 employees — about seven percent of its workforce. The layoffs are primarily individuals from middle management or who work on advertising through platforms like Google Ads and Roku. Most of the layoffs will go into effect by March 31 with Instacart estimating that the process will cost the company between $19 million and $24 million due to factors like severance pay and employee benefits.

Instacart released the news along with its fourth-quarter earnings. Despite choosing to layoff employees, the company reported a six percent increase in revenue, jumping from $803 million to $804 million, year-over-year. At the same time, Instacart is seeing the voluntary departure of three of its executives: the chief operating officer, chief technology officer and chief architect.

The layoffs follow only a short time after Instacart’s September 2023 IPO. Unlike many companies that barely (or didn’t) survive the COVID-19 pandemic, Instacart thrived. It allowed people to stay and still receive their groceries and other necessary items. Now, it exists in 5,500 cities and, like most companies of the past year, is focusing on building its AI capabilities. But, despite its increased revenue, the company’s layoffs signal that not everything is going as planned over at Instacart

This article originally appeared on Engadget at https://www.engadget.com/instacart-cuts-250-jobs-after-reporting-increased-revenue-112503431.html?src=rss

Turn Your Flipper Zero Into a Controller With the New Video Game Module

The creators behind the popular Flipper Zero multi-tool device have teamed up with computing renegade Raspberry Pi to create a video game integration that will turn your Flipper into a low-key game controller.

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Madame Web Is Not the Worst Comic Book Movie of All Time, but It Ain't Good

Madame Web is a two-hour trailer for the movie you think you’re watching, but actually aren’t. If that’s confusing, welcome to the world of Madame Web, where everyone—the characters, the actors, the audience, and everyone in between—is confused about basically everything, all of the time. It’s a film that sets…

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Unsurprisingly, Zuck thinks the Quest 3 is a 'better product' than Apple's Vision Pro

Meta chief Mark Zuckerberg has posted a review of Apple’s Vision Pro on Instagram, reminding us all that the rivalry between the two companies have deepened even further with the launch of the latter’s mixed reality headset. In the video shot with a Meta Quest 3, Zuckerberg didn’t mince words while pitting the Vision Pro against his company’s device. He said he originally expected the Quest to be the better value for most people, because it’s “like seven times less expensive” than the $3,500 Vision Pro. However, after testing his competitor’s product, he came to the conclusion that the Quest “is the better product, period.” 

He added that the Quest is “better for the vast majority of things that people use mixed reality for.” Zuckerberg said he thinks the Quest is “a lot more comfortable,” since Meta designed it to be light and portable, so that people could use it while moving around or even while hanging out with friends and socializing. He found the Quest’s field of view to be wider and its screen to be brighter than the Vision Pro, and he also found that Meta’s headset showed crisper visuals when he moved his head while wearing it. Apple’s device, he said, had motion blur. 

Zuckerberg acknowledged that the Vision Pro has a screen with a higher resolution, but in the same breath, he criticized Apple for the “tradeoffs” it had to make to the device’s comfort and ergonomics. While Quest’s controllers are “a little more accurate,” he admits that Apple’s eye tracking is “really nice.” Apparently, Meta used the Vision Pro’s sensors for the Quest Pro but took them out for the Quest 3. The company is planning to bring them back in the future. Of course, Zuckerberg took the chance to talk about the Quest’s bigger library and to emphasize that the Quest, unlike the Vision Pro, has access to the YouTube and Xbox apps. Zuckerberg ended his review by talking about open and closed models for every generation of computing and how he wants to make sure that for this generation, Meta’s technology, as the open model, “wins out” like Microsoft’s did in the past. 

This article originally appeared on Engadget at https://www.engadget.com/unsurprisingly-zuck-thinks-the-quest-3-is-a-better-product-than-apples-vision-pro-104001890.html?src=rss

United Grounds Fleet of Planes Because Our ‘No Smoking’ Sign Law Is Ridiculous

After causing a stir by mysteriously grounding its new Airbus A321neo planes on Monday, United Airlines wants people to know the decision has nothing to do with safety and isn’t even that exciting. Rather, it has to do with the aircrafts’ “No Smoking” signs, which are required by a 1990 law to be operated by the…

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Sony predicts it'll sell fewer PS5s than first thought

Sony has lowered its PlayStation 5 sales forecast for fiscal 2023 significantly and now expects to sell 21 million units, down from a previous forecast of 25 million. That’s despite posting record quarterly revenue and selling 8.2 million PS5s over the holiday season. So far this fiscal year, Sony has sold 16.4 million consoles, bringing its total to 54.8 million overall. (The company sold 19.1 million PS5s in fiscal 2022.)

Sony announced in December that it had sold 50 million PS5 units over three years, as of December 9, 2023. That’s just a week longer than it took the PS4 to achieve the same number, and the latter wasn’t bogged down by supply chain issues and a worldwide pandemic. 

Revenue was up 16 percent over the same quarter last year, thanks in part to improved sales of non-first-party titles. However, operating income was down significantly (26 percent), due a drop in first-party sales and losses on hardware due to promotions. In other words, PS5 sales aren’t meeting the company’s expectations despite discounts. 

Sony has seen higher sales in all three quarters this year compared to last. That might not continue this year though, as it’s forecasting sales of just 4.6 million for Q4 2023 (February to April), down from 6.3 million in Q4 2022. 

In terms of new first-part games, Sony noted that Marvel’s Spider-Man 2 has sold 10 million units (as of February 4) since its release in October 2023.

Almost all other Sony divisions saw higher revenue, including its Imaging & Sensor Solutions division (Sony makes sensors for iPhones and many other devices), along with Pictures and Music. That resulted in a record 3.75 trillion yen for Q3 ($24.9 billion) compared to 3.08 trillion yen the year before ($20.5 billion). 

This article originally appeared on Engadget at https://www.engadget.com/sony-predicts-itll-sell-fewer-ps5s-than-first-thought-091816189.html?src=rss

Sony Wants to Do a Live-Action Miles Morales After Two More Spidey Films

Get a look at Kung Fu Panda’s return in a new clip. Oscar Isaac still has hope for Moon Knight season 2. Ben Mendelsohn talks Andor and the chances of a return to his Rogue One character. Plus, it’s Beth vs. Tammy in a new clip from the Rick and Morty anime. Spoilers, away!

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Marvel and DC's Long Lost Crossover Comics Are Finally Being Re-Released

Once upon a time, the heroes of the DC and Marvel universes teaming up wasn’t too uncommon a thing. From Spider-Man and Superman to Batman and Devil, or to the wild world of ‘90s comics in the Amalgam universe—where DC and Marvel heroes literally got mashed together—the two “rivals” of the comics industry have a long…

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Marvel and DC's Long Lost Crossover Comics Are Finally Being Re-Released

Once upon a time, the heroes of the DC and Marvel universes teaming up wasn’t too uncommon a thing. From Spider-Man and Superman to Batman and Devil, or to the wild world of ‘90s comics in the Amalgam universe—where DC and Marvel heroes literally got mashed together—the two “rivals” of the comics industry have a long…

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The Bad Batch's Producers Break Down Season 3's Fascinating Female Characters

The Bad Batch has had to, for obvious reasons, spend a lot of time revolving around the characters of its masculine stars—Omega aside, the series must look beyond the rank and file of the former Clone Army for a feminine perspective. But as the third and final season looms, it’s setting the stage to center three very…

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