layoff

Image Source : FILE 900 employees to lose jobs from Sony PlayStation gaming division Sony, a Japanese technology giant is set to lay off around 900 employees from its PlayStation division which is around 8 per cent of its workforce reduction. The company said that this decision was "extremely difficult but necessary". In a statement, Sony Interactive…

Bruce Dixon was appointed CEO in December 2023 following the resignation of Hozefa Lokhandwala Vice Media Group CEO Bruce Dixon has announced to employees plan for a complete internal restructuring that will result in hundreds being axed through layoffs and the discontinuation of the digital publication Vice. Dixon, who was appointed CEO in December 2023 following the resignation of Hozefa Lokhandwala, addressed the matter in an internal note to staff members. “As we navigate the ever-evolving…

Image used with permission by copyright holder The wave of layoffs that has happened over the past year in the video game industry is well-documented. Some of the biggest culprits are Embracer Group, which has laid off nearly 1,400 workers across several of its studios since the start of a restructuring program last July, and Microsoft, which laid off 1,900 developers across Xbox, Bethesda, and Activision Blizzard in January. After relative silence around these layoffs, leadership at both companies finally tried to…

Image Source : MOZILLA Mozilla lays off 60 employees, and here is the reason Mozilla, the developer of Firefox browser are reportedly laying off 60 employees from the team, as the company plans to scale back its investment in several products. Mozilla said in a memo that it will focus on bringing “trustworthy AI into Firefox” and to do so, it will bring together…

Image Source : FILE Layoff The year 2024 has started with major corporations announcing significant job cuts. Tech players like Alphabet, Shell, Sports Illustrated, Amazon, Macy's, Microsoft, Citigroup, eBay, and Wayfair. United Parcel Service (UPS) reportedly plans to cut 12,000 jobs and mandate a return to the office for its employees. Despite mixed economic signals,…

Blizzard Entertainment Layoffs have unfortunately become a nearly nonstop occurrence in the video game industry over the past year. In 2023, over 10,000 workers at game studios lost their jobs, according to data from Game Industry Layoffs. In January 2024 alone, Kotaku reports that over 6,000 developers have already been laid off. Layoffs at Microsoft hit particularly hard for players, as nearly 2,000 Microsoft developers were let go after years of optimistic promises from Xbox leadership over the Activision Blizzard…

PayPal, an online payment company, has announced a plan to cut 2,500 jobs globally in the latest round of big tech layoffs. The decision, according to the company, would affect 9 per cent of its workforce across the world. In a message to the company’s employees on Tuesday, PayPal Chief Executive Officer, Alex Chriss, said the decision was to “right-size” the company business. He said affected employees will be notified by the end of the week. “In our last Global All Hands, I shared that to build a growth…

Wattpad, a Toronto-based storytelling platform owned by Naver’s Webtoon Entertainment, conducted another round of layoffs earlier this month.  Wattpad has cut around 30 jobs, or roughly 15% of its workforce, a source familiar with the situation told TechCrunch. According to local media outlets, including The Korea Economic Daily, the cut impacted about 30 employees. A spokesperson for Wattpad did not respond to a request for comment ahead of publication. The move is part of the company’s…

Tech layoffs are accelerating, according to the data. The surge in staff cuts comes after reductions in human capital slowed so much in the back half of 2023 that we wrote that “tech layoffs are all but a thing of the past.” At the time, reported layoffs had been trending down for months and months to reach what appeared to be a nadir that was so low it felt inconsequential. How things have changed. At the time, we posited that rising tech valuations were taking some pressure off technology concerns and that…

Now that 2023 is in our rearview mirror, the startup winter is behind us, but we’re not quite out of the woods yet. © 2024 TechCrunch. All rights reserved. For personal use only. Now that 2023 is in our rearview mirror, the startup winter is behind us, but we’re not quite out of the woods yet. © 2024 TechCrunch. All rights reserved. For personal use only. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each…