Tech
The Washington Post is retreating from Silicon Valley when it matters most
To say we live in a tech-centric society is an understatement.
Software, specifically machine learning and AI, coupled with advanced manufacturing, has delivered technology to street corners, schools, offices, factories, and even farm fields. This tech, much of it created in Silicon Valley, sits on your wrist, is carried in your pocket, is integrated in the movies you watch, and maybe in the music you listen to. And it is certainly the means by which that Amazon package was ordered, sorted, and delivered to your doorstep.
It has turned their founders, executives, and middle managers into king-like figures, whose wealth and political influence mirrors the Gilded Age. Seven of the top 10 richest people in the world can tie their wealth directly to tech. Amazon co-founder, chairman, and Washington Post owner Jeff Bezos is third, behind just Meta co-founder and CEO Mark Zuckerberg and serial entrepreneur Elon Musk, according to Forbes, which tracks wealth and the people who have it. Oracle co-founder Larry Ellison, Google co-founders Larry Page and Sergey Brin, and former Microsoft CEO Steve Ballmer round out the list.
Now, in this moment, the Bezos-owned Washington Post has gutted its coverage of them and the tech industry at large as part of a sweeping set of layoffs that affected more than 300 people. The team that includes tech, science, health, and business was cut by more than half — from 80 to 33 people — according to Post tech reporter Drew Harwell. The tech desk alone cut 14 people. Its San Francisco bureau is a shell.
Among those affected include reporters covering Amazon, artificial intelligence, internet culture, and investigations. The newspaper also laid off staff covering the media industry (which had previously reported on Bezos’ ownership over their own paper).
The Post cut its entire sports bureau and nearly annihilated its foreign reporting teams, including its Middle East desk, and reporters and their editors covering Ukraine, Russia, Iran, Turkey, and others. It closed its Books section, decimated coverage of culture and the Washington, D.C., metro area, and laid off all reporters and editors covering race and ethnicity issues nationally.
The coverage of tech isn’t more important than social, economic, and geopolitical issues. But never before have the people exerting outsized influence on the world’s geopolitics and economy also been so directly responsible for stemming the global flow of information about it.
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Yet even as the world centers on tech and is tied to the GDP growth — or retreat — of its superpowers, tech’s most powerful executives are asking the public to place their attention elsewhere.
The Post’s executive editor Matt Murray couched the layoffs as a reboot of sorts aimed at reaching readers and eventually profitability, according to the New York Times, which included comments he made to staff.
“If anything, today is about positioning ourselves to become more essential to people’s lives in what is becoming a more crowded, competitive, and complicated media landscape,” he reportedly said during a Zoom meeting with staff.
It’s no secret The Post has lost money and subscribers in recent years, in some cases due to policies crafted or backed by Bezos. For instance, his directive to end presidential endorsements by The Post’s editorial board, axing a drafted piece backing Kamala Harris, reportedly led to “hundreds of thousands” of canceled subscriptions, per the New York Times. It reportedly suffered $100 million in losses in 2024, in part because of the cancellations.
Its web traffic has also declined. Semafor reported that daily visits were down to around 3 million by the middle of 2024, from 22.5 million in January 2021.
The Post cut its staff from 1,000 to under 800 last spring, with CEO Will Lewis calling out the $100 million loss from the previous year.
The layoffs at The Post, of course, don’t exist in a vacuum. The media industry, and not just legacy players, has been plagued by a fragmented audience and changes to Google Search algorithms that have directed readers away from news outlets and toward its own AI-generated answers.
The size, scope, and location of those cuts merit scrutiny, however — particularly considering the shift in media ownership over the past 15 years.
Bezos’ acquisition of the Post in 2013 for $250 million was met with a mix of skepticism and hope from weary journalists who had experienced consolidation, layoffs, and the growing pains of moving from a print-only to digital-dominant media industry.
His acquisition became part of a broader trend at the time in which billionaires, many with backgrounds in tech, snapped up beleaguered media organizations well worn from the previous go public-private equity cycle.
A few years after Bezos bought The Post, Laurene Powell Jobs purchased The Atlantic, Salesforce founder Marc Benioff bought Time Inc., and pharmaceutical executive Patrick Soon-Shiong acquired the Los Angeles Times.
Bezos, like Benioff and Soon-Shiong (who also blocked his paper’s endorsement of Harris), moved closer to Trump after he won the 2024 election. His spaceflight company Blue Origin relies on federal contracts, and Amazon had faced increased scrutiny under previous administrations.
Lewis was reportedly not present to oversee the staff cuts and changes at The Post (Murray told Fox News that the CEO “had a lot of things to tend to today”). Nor was Bezos. As his newspaper prepared to cut one-third of its staff, Bezos spent Monday with Secretary of Defense Pete Hegseth in Florida, leading him on a tour of Blue Origin’s facilities.
Less than 48 hours later, The Washington Post would lay off the journalist who reported on Blue Origin.
The darkness, it seems, is creeping in.
Tech
Doss raises $55M for AI inventory management that plugs into ERP
Enterprise resource planning (ERP) systems are often described as a company’s “central brain” because the software connects different departments — including finance, HR, and inventory — into a single database where everyone shares the same information.
In recent years, a new crop of AI-powered ERP startups, such as Rillet and Campfire, has emerged hoping to replace legacy offerings like NetSuite. These companies claim that traditional ERPs are clunky, expensive, and time-consuming to implement.
However, according to Doss co-founder and CEO Wiley Jones, many new AI ERPs lack robust inventory management, the process of ensuring that the data on physical goods remains synced with the accounting ledger.
Doss claims to solve this by providing an AI-native inventory management layer that integrates with existing accounting systems, whether traditional ERPs or ones built by AI-based startups.
On Tuesday, Doss announced that it raised a $55 million Series B co-led by Madrona and Premji Invest, with participation from Intuit Ventures. Other new and existing inventors in the round include Theory Ventures, General Catalyst, Contrary Capital, and Greyhound Capital.
Doss, founded in 2022, originally focused on a core accounting product similar to those offered by AI-native startups like Rillet and Campfire. But last year, the startup decided instead of competing with these companies, “we would rather partner with them, and play a different game,” Jones told TechCrunch.
Jones explained that AI-native ERP companies manage accounts receivable, accounts payable, and other finance functions, but most don’t offer procurement and inventory management that integrates with accounting workflows.
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“We’re building a lot of the traceability for the supply chain, but through the lens of plugging into a finance and accounting partner,” Jones said.
The company’s main partners include Rillet and Campfire. Many clients also use Doss in conjuction with Intuit’s QuickBooks.
“The reason that they work with us is that [physical goods management] is not something that they’re likely going to build as a core competency without putting in a lot of energy and effort,” Jones said.
Doss’ core customer base consists of mid-market consumer brands, typically generating between $20 million and $250 million in top-line revenue. One such customer is Verve Coffee Roasters, a high-end specialty coffee brand.
The startup sees itself as competing with traditional ERPs. But these players are not sitting ideal in the age of AI, either. NetSuite, for instance, has recently introduced its updated AI ERP. It also competes with other agentic procurement startups such as Didero.
While Jones admits that selling two ERP systems, one for accounting and another for inventory management like Doss, “is a hard sell,” he says that legacy ERPs are so hard to implement that many customers are choosing to have two newer, AI-powered systems.
“I think it’s going to be a very intense fight inside of mid-market that ultimately will be determined by whoever rebuilds their architecture to be most legible and usable for agents,” Jones said.
Editor’s Note: The story corrected the list of Doss’ partners.
Tech
Crunchyroll confirms data breach after hacker claims unauthorized access
Anime streaming service Crunchyroll has confirmed a data breach involving customer service ticket information following an incident with a third-party vendor, after a hacker claimed to have accessed user data and internal systems.
The streaming site, which Sony acquired from AT&T in 2020 for $1.18 billion, operates as a joint venture between U.S.-based Sony Pictures Entertainment and Japan-based Aniplex. Crunchyroll has more than 2,000 titles in over 12 languages and serves 15 million subscribers worldwide, per its website.
Reports of a threat actor claiming access to Crunchyroll user data surfaced online this week, with a hacker alleging that they obtained data about millions of users.
Crunchyroll said it is investigating the claims.
“Our investigation is ongoing, and we continue to work with leading cybersecurity experts,” the company said in a statement to TechCrunch, adding that it has not identified evidence of ongoing unauthorized access.
Separately, materials shared with TechCrunch by a cybersecurity-focused account, International Cyber Digest, indicate the attacker may have gained access to Crunchyroll’s Zendesk support system. Screenshots we have seen appear to show the company’s internal Slack messages and stolen support data, apparently stolen by hacking an employee at Telus Digital, an outsourcing giant that handles customer support for Crunchyroll. The hacker allegedly stole customer support ticket data until early 2025, at which point their access was revoked.
The cybersecurity account said the hack was separate from a recent breach affecting Telus Digital, which the company confirmed last week.
Crunchyroll did not respond to a follow-up question about whether the third-party vendor relates to its support partner, Telus Digital.
Telus Digital did not respond to requests for comments.
The hacker told BleepingComputer they had downloaded about eight million support ticket records from Crunchyroll’s systems, including roughly 6.8 million unique email addresses, though the claims have not been independently verified. The hacker also told the publication they gained access on March 12 after compromising an Okta single sign-on account belonging to a Crunchyroll support agent.
Tech
BKR Capital raises $14.5M (so far) to invest in Black founders
Canada’s BKR Capital announced Monday that its Fund II has closed CA$20 million (around $14.5 million), bringing it closer to its CA$50 million target.
This fund is looking to back “high-growth technology companies led by founders from the Black community, building solutions for the future of work, living, and global connectivity,” managing partner Lise Birikundavyi told TechCrunch. The firm is mainly looking at Canada but is open to backing select companies globally. The average check size will be between $250,000 and $1.5 million, she said.
Birikundavyi said that almost 70% of the Black population in Canada is first- or second-generation immigrants, “resulting in founders who build globally from day one, unlocking early access to international markets and creating a structural advantage in scaling.”
Though many U.S. firms have shied away from openly advertising a mission that could be perceived as diversity, equity, and inclusion (DEI), Birikundavyi said her Toronto-based fund doesn’t share those exact fears. What’s happening in Canada is less of a DEI rollback and more of a reframing, she said, where investors are “prioritizing discussion on performance,” even though “the underlying opportunity remains unchanged.”
She added, “Expanding access to overlooked founders continues to surface high-quality deals, making this less about DEI and more about arbitrage investing.” She believes investors in Canada still see “inclusive investment” as good for the ecosystem and full of potentially lucrative business opportunities.
The firm’s thesis is rooted in the belief that “overlooked markets and diverse lived experiences can unlock outsized venture opportunities,” Birikundavyi said. The firm launched in 2021 and raised $22 million for its Fund I (which Birikundavyi said is performing better than at least 75% of the other funds launched around the same time). She said BKR Capital hopes to make its final close for Fund II in December and invest in 25 companies.
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