Seattle-based Redfin lays off 862 employees, or ~13% of its workforce, and ends its home-flipping program RedfinNow; its stock is down 96%+ since February 2021 (Nate Bek/GeekWire)

Patrick Clark / Bloomberg:
Home buying startup Opendoor lays off ~550 employees, or ~18% of its staff, after higher rates and a shift in prices forced the company to sell homes at a loss  —  Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered US housing demand.

Tony Lystra / GeekWire:
Seattle-based Swiftly, which offers branded apps and retail software to grocery stores, raised a $100M Series C at a $1B+ valuation after raising $100M in March  —  Retail software provider Swiftly raised $100 million in a Series C funding round, helping the company become the latest Seattle-area startup …

Kurt Schlosser / GeekWire:
Report: Amazon laid off ~150 people, or 50% of its workforce, at Amp, an app that lets DJs host live “radio shows”, take calls, and play Amazon Music tracks  —  In-depth Amazon coverage from the tech giant’s hometown, including e-commerce, AWS, Amazon Prime, Alexa, logistics, devices, and more.

Taylor Soper / GeekWire:
Seattle-based Diagrid, which offers a fully managed Dapr on Kubernetes service, raised a $20M Series A led by Norwest Venture Partners  —  Diagrid, a Seattle startup that offers a fully managed Dapr on Kubernetes service, announced a $20 million Series A round led by Norwest Venture Partners …

Taylor Soper / GeekWire:
Twilio will sunset Zipwhip’s business texting service on December 1, 2023, after acquiring the Seattle startup last year for $850M in cash and stock  —  Twilio will sunset Zipwhip’s software after acquiring the Seattle startup for $850 million last year.  —  According to the latest update …

Taylor Soper / GeekWire:
Microsoft’s cloud revenue grew 24% YoY to $25.7B, including $20.3B from Intelligent Cloud, up 20% YoY, driven by Azure and other cloud services, up 35% YoY  —  A declining PC market and macroeconomic headwinds are slowing Microsoft’s revenue growth numbers, but the Redmond tech giant still beat expectations …