Techno Blender
Digitally Yours.
Browsing Tag

employees

EA is laying off over 650 employees

Video game company Electronic Arts will lay off 5 precent of its workforce according to a report it filed with the Securities and Exchange Commission on Wednesday. More than 650 EA employees will lose their jobs as a result of the move, part of a broader restricting that will see the company cutting back on office space and ending work on some video games.EA’s cuts are the latest in a long line of layoffs that have rocked the video game industry since last year. In 2023, more than 10,500 video game workers lost their…

Electronic Arts announces it’s laying off 5% of its employees – Destructoid

When will it end? According to GamesIndustry.biz, Electronic Arts announced today that it will be laying off approximately 5% of its workforce which equates to around 670 people. In a note sent out to EA staff, CEO Andrew Wilson indicated the move is part of the company “moving away from development of future licensed IP that we do not believe will be successful in our changing industry.” Another sweeping layoff in our decimated industry The moves are part of a larger restructuring plan at EA which includes the…

Not-so-secret Apple Car project halted — 2,000 employees affected as teams transfer to generative AI push

Have you been waiting patiently for the Apple Car? Well, the not-so-secret project has been canned, according to “people with knowledge of the matter.” According to Mark Gurman at Bloomberg, the project was canceled on Tuesday, surprising the 2,000 employees working on the electric vehicle. Many of those employees will be moved to Apple’s AI division as we await the company’s first move in the AI race.Chief Operating Officer Jeff Williams and an Apple vice president, Kevin Lynch, informed the employees of the project's…

Bumble cuts ~350 employees as dating apps face a reckoning

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…

bumble layoffs: Bumble to lay off 350 employees, forecasts weak first-quarter revenue

Bumble said on Tuesday it would cut about 350 roles, marking new CEO Lidiane Jones' first big move, after the online dating company forecast disappointing first-quarter revenue as it grapples with a slowdown in user spending.Shares of the Austin, Texas-based company, which offers dating apps such as Bumble, Badoo, and Fruitz, fell more than 7% in extended trading.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIT DelhiIITD Certificate…

Sony is laying off 900 PlayStation employees

Team, It is important to provide you with updates about the business as often as possible. Today, I am writing with sad news. Through discussions over the past few months about the evolving economic landscape, changes in the way we develop, distribute, and launch products, and ensuring our organization is future ready in this rapidly changing industry, we have concluded that tough decisions have become inevitable. The leadership team and I made the incredibly difficult decision to restructure operations, which regrettably…

Byju’s: Read the full text of Byju Raveendran’s letter to employees after EGM by investors

A day after troubled edtech giant Byju's extraordinary general meeting (EGM), founder and CEO Byju Raveendran wrote to employees, informing them that he "remains the chief executive of the firm and there are no changes at the company."On Friday, a group of investors unanimously voted to oust Raveendran as the CEO of Byju's and revamp the board, which includes wife and cofounder Divya Gokulnath and brother Riju Ravindran.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD…

Apple AirPods Pro were almost named AirPods Extreme just like the 2003 AirPort Extreme but employees hated it

A recent report suggests AirPods Pro almost had a much worse name before Apple settled on the current one, and we have employees' objections to thank for it.According to internal information seen by MacRumors, AirPods Pro were almost called AirPods Extreme before their official launch back in 2019. The idea was floated by at least one member of Apple’s leadership, but Apple went for AirPods Pro instead, after “many employees objected to the change.”This was not Apple's first time using the Pro branding, as the first…

Employees input sensitive data into generative AI tools despite the risks

Asked about the risks to their organization from using public generative AI tools, 39% of respondents pointed to the potential leak of sensitive data, while 38% said these tools could produce incorrect, inaccurate, or unhelpful information. Another 37% of respondents cited compliance risks and 19% noted the technology could negatively impact productivity. Some 57% of employees used public generative AI tools in the office at least once weekly, with 22.3% using the technology daily. About 28% of people said they did not