layoff

Following a large number of lay-offs across the gaming sector, fans have been sharing the outlook of former Nintendo CEO Satoru Iwata. Iwata was president of Nintendo from 2002 until his death in 2015 and oversaw both the Nintendo DS and the Wii. However, he was also CEO during the turbulent Wii U era of Nintendo, which was considered a flop by many. Following the failure, he took a 50 per cent pay cut while other executives reduced their salaries by 20 per cent. Speaking about the decision in 2013, Iwata said: “If we…

The United Kingdom’s Competition and Markets Authority (CMA) delivered a shocker this week when it blocked Microsoft’s acquisition of Activision Blizzard on Wednesday. While a lot of focus on Microsoft’s fight was centered around whether or not the acquisition would give Xbox consoles an unfair advantage over PlayStation consoles, what ultimately decided it was a much smaller market: cloud gaming.The idea of being able to stream the game you’re playing from the cloud has existed for well over a decade. Cloud gaming’s…

Image Source : FILE CureFit, backed by Zomato has streamlined operations, resulting in 120 job cuts CureFit, a Zomato-backed fitness startup slashed 120 jobs earlier this week (in mid-January) in a restructuring exercise. As per the media report, the latest job cuts have impacted the workers across the brands of the company like Cultfit, Sugar.fit, Carefit among others…

Los Angeles-based video game giant Riot Games announced Monday it would lay off 530 workers, cuts that amount to roughly 11% of the company’s global workforce. In a letter to staff, Chief Executive Dylan Jadeja called the move a “decision we hoped we would never have to make.” The biggest hit would be to teams outside of core development, he said.“To all the Rioters who are being laid off, we are deeply sorry that it has come to this,” Jadeja wrote. “As CEO, I’m accountable for the changes we’re making and where we’re…

Riot Games League of Legends publisher Riot Games has cut 11% of its staff, resulting in 530 layoffs. The major company restructure will see the company’s entire Riot Forge studio shut down and include cuts to the Legends of Runeterra development team. Riot Games announced the move in two blog posts on its website. One details the scope of the layoffs and outlines how severance is being handled. The other goes into Riot’s vision for its future, which will double down on established games like League of Legends and…

1) Galaxy S24 series launch: Samsung unveiled its flagship Galaxy S24 series at the Galaxy Unpacked event on January 17. The latest generation of flagship smartphones are powered by the Qualcomm Snapdragon 8 Gen 3 chipset and come with support for up to 7 years of software updates. The company has now also confirmed the official pricing of these smartphones in India, with the base variant of the Galaxy S24 starting at ₹79,999. 2) Satya Nadella praises…

Being let go used to be a private moment. Now, it’s often fodder for social-media content. Being let go used to be a private moment. Now, it’s often fodder for social-media content. 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 content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

Image Source : FILE These 46 tech companies layoff 7,500 employees in the first 2 weeks of 2024 It's just two weeks to 2024, and tech companies have already started to lay off employees from the companies. It was reported that around 46 tech and IT companies (including startups) have laid off more than 7,500 employees this year, and the number is further growing with…

Leaders at Discord have decided to cut its staff by 17 percent, according to an internal memo first reported on  Concerns over how the chat app has yet to become profitable have played a role in the decision. CEO Jason Citron said that staff across departments will be impacted once the layoffs begin.According to the memo, Citron believes the company hired too many people since 2020. This, he wrote, led the workforce to take on projects that made Discord “less efficient.” He added that the company needs to sharpen its…

Only two months after it unveiled its much anticipated “AI Pin,” flashy startup Humane has laid off four percent of its staff, according to a report from The Verge Tuesday. The layoffs, which will affect 10 people, come as a wave of cuts are impacting workers at other, larger companies in the tech industry. Why is Everyone Suing AI Companies? | Future TechCEO and co-founder Bethany Bongiorno framed the staff losses in a LinkedIn post as a restructuring of the company designed to take it from a stealth AI startup to a…