Peloton laying off 400 employees and Anthropic launches new iPhone app📱

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Ok, now that we’re done with that - here’s your scoop below👇

🚲 Peloton laying off 400 employees and CEO departs

• Peloton, the fitness equipment and online course provider, revealed plans to reduce its workforce by 15% (about 400 employees) as part of a cost-cutting initiative. Additionally, Barry McCarthy, the CEO, president, and board director, will step down after serving two years in the role. Read more

📲Anthropic launches new iPhone app

• Anthropic, armed with substantial funding amounting to $7.6 billion, is targeting enterprise adoption with its new paid plan, Team, alongside the launch of an iOS app. The Team plan is tailored for regulated industries like healthcare, finance, and legal, offering priority access to Anthropic's Claude 3 generative AI models and enhanced administrative controls. Read more

👨‍💻 Atlassian combines Jira Software and Jira Work Management

• Atlassian's Team ’24 event in Las Vegas revealed the integration of Jira Software and Jira Work Management into a unified "Jira" product, aimed at facilitating cross-functional collaboration. This consolidation provides teams with a shared platform to align on goals, track work, and collaborate seamlessly across different functions. Read more

😏 Is SoundCloud coming for Spotify?

• SoundCloud's new "Buzzing Playlists" initiative takes direct aim at Spotify's Discover Weekly playlists by spotlighting emerging artists in genres like Pop, Hip Hop, R&B, and Electronic music. These playlists feature tracks from artists enrolled in SoundCloud's Next Pro subscription program, leveraging metrics such as repeat plays, playlist adds, likes, comments, and reposts. Read more