Cuts

Bumble, a once-powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue. While up from the same period a year ago, earnings came in below Wall Street expectations and were paired with a disappointing Q1 2024 forecast — sending Bumble’s stock tumbling ~10% in after-hours trading. Bumble’s taking drastic action to stem the bleeding. CEO Lidiane Jones (pictured above) announced that 30% of…

Life is Strange: True Colors developer Deck Nine Games announced that it would be laying off staff. The studio mentioned the games industry's worsening market conditions as the reason for the cuts."Today we made the difficult decision to lay off 20% of our staff. These people are amazing, talented, and awesome developers," Deck Nine said on Twitter. "They have made a huge impact during their time at Deck Nine Games and we did not take this decision lightly."Game director Stephan Frost also said that…

Image: Olly Curtis/Future Publishing (Getty Images)This morning, Sony revealed that it is adding to the ever-growing pile of industry layoffs. In official posts, the company announced it had “initiated a reduction” in workforce. These cuts will impact a variety of PlayStation’s first-party studios including Insomniac Games, Guerrilla, Naughty Dog, Firesprite, and more, with the biggest cut hitting PlayStation’s London Studio, which is being closed down in its entirety. In total, Jim Ryan, President and CEO of Sony…

Get our free weekly email for all the latest cinematic news from our film critic Clarisse LoughreyGet our The Life Cinematic email for freeA joke from the new Mean Girls movie has been cut after an actor from the cast of the original film took offence to it. Lindsay Lohan was “very hurt and disappointed” by one specific joke made in the new film, and the reference appears to have been cut from its digital release.Tina Fey’s remake sees The Last Thing He Told Me’s Angourie Rice take over for Lohan as new student Cady…

Scientists at the University of Chicago have developed a new pacemaker that’s thinner than a human hair, wireless and operated entirely by light from an optic fiber. The non-invasive device could help regulate heart activity or even stimulate neurons in a set pattern to treat symptoms of conditions like Parkinson’s.The heart pumps thanks to a series of very carefully timed electrical signals, but if those signals fall out of time, they can lead to all sorts of issues, such as strokes, heart attacks or even a fatal failure…

TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Stellantis CEO Carlos Tavares and I covered a lot of ground in a wide-ranging interview covering the company’s previously disclosed targets on EV, the threat that Chinese automakers pose, its deal with…

After disappointing fourth-quarter results, Rivian (RIVN) stock earned a double downgrade, sending share prices to an all-time low. Sitting at its lowest value since going public, the EV maker looks to gain control of costs in 2024. Q4 earnings miss the mark After releasing Q4 and full-year earnings results Wednesday, Rivian announced it was laying off 10% of its salaried employees. Rivian’s CEO RJ Scaringe explained on the company’s media call the move enables them “to maximize the amount of…

Volvo announced plans to sell 62.7% of its stake in EV maker Polestar (PSNY) as it looks toward the next stage of its transformation. Volvo said it will also cut off funding as the “company is well positioned for growth.” Volvo plans to trim stake in EV maker Polestar “As we embark on the next stage of our transformation, gearing up to lead in next-gen mobility, our focus sharpens on Volvo Cars’ development,” Volvo Cars CEO Jim Rowan explained. Volvo Cars board proposed plans to distribute the…

In a fire sale, Hyundai is offering a rare 0% finance offer on the 2024 IONIQ 5 electric SUV. Hyundai’s new incentive could mean up to $7,800 in savings compared to a same-priced Tesla model. Hyundai 2024 IONIQ 5 scores 0% finance deal With nearly 34,000 models sold last year, Hyundai’s IONIQ 5 was the sixth best-selling electric vehicle in the US last year. Powered by Hyundai’s E-GMP platform, the IONIQ 5 is similar in length to the Tucson. However, thanks to its flat floor design, the…

Anglo American posted lower full-year underlying earnings that were slightly above consensus but it trimmed its dividend after net profit missed forecasts on weak prices and as it booked $2.1 billion in impairments. Anglo American posted lower full-year underlying earnings that were slightly above consensus but it trimmed its dividend after net profit missed forecasts on weak prices and as it booked $2.1 billion in impairments. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility!…