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dot com code tech news this is tech crunch

here's your Daily Crunch.

Coming up, the latest launch for Microsoft and Mozilla's new startup.

But first, at a company that helps people find jobs 2200 employees will now have to embark on a job search of their own.

Indeed has laid off 15% of employees. The CEO will take a 25 percent cut in base pay himself.

Employees were emailed about their job status within an hour of the announcement.

The subject lines of these emails either read, your position has been impacted or your

position has not been impacted. Indeed is offering at least 16 weeks of base

salary pay compensation for accruedTO, a cash payout for

RSUs that haven't vested, and access

to career placement and mental health services.

Layoffs are continuing to make waves

across the tech industry.

Up next, Microsoft Loop, a notion-like hub for managing tasks and projects that sink across

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