layoff

Twitch Popular streaming service Twitch is about to lay off 35% of its workforce — equal to about 500 workers — according to a Bloomberg report on Tuesday. The Amazon-owned, video game-focused platform could announce the job losses as early as Wednesday, people familiar with the matter told the news outlet. The cuts, if confirmed, would follow a round of layoffs in March last year that impacted 400 positions, meaning Twitch could be set to lose almost 1,000 workers in less than 12 months. Twitch CEO Dan Clancy said…

Today is Christmas and, as expected, most businesses and governments have shut down for the day and people are enjoying a holiday. Yet artificial intelligence developments have found a way to emerge even today. In a shocking development, the parent company of Paytm, One97 Communication, has fired more than 1000 employees. The underlying reason behind the Paytm layoff is reported to be the AI advancement of the company that has caused a few positions to be surplus to requirements. This and more in today's AI roundup. Let…

Image Source : PAYTM Paytm Layoff - Implements AI-powered automation, resulting in workforce reduction Paytm, a leading fintech company has reportedly laid off hundreds of employees from its operations, engineering and sales team. The company implemented AI-powered automation which will be driving the forces behind the transformation of the workplace. AI-driven…

Just ahead of Christmas, the festival of giving, Google might play the role of the Grinch and steal its employees' happiness. According to a report, as many as 30000 employees may face layoffs soon in Google and the reason behind it might shock you. It is said that the AI innovation by the company has led to those positions being surplus, so the company is planning to trim its workforce accordingly. The ad sales department of the company will be restructured during the reported layoffs.According to a report by Live Mint,…

Image Source : FILE Layoff at ShareChat: 200 employees go jobless as the company streamline its cost base ShareChat, a social media platform has implemented a strategic restructuring plan which has resulted in the layoff of approximately 200 employees, which further constitute about 15% of its workforce. Mohalla Tech, the parent company which also owns Moj, the short…

Spotify CEO Daniel Ek said staff were being incredibly productive, but the company just wasn’t acting as efficiently as it could be.Photo: TORU YAMANAKA/AFP (Getty Images)Spotify staff could be listening to a funerary dirge in their own Spotify Wraps. The company announced it was making sweeping staff cuts across the board, reducing global headcount by around 17%. Merry Christmas.“Even AI Rappers are Harassed by Police” | AI UnlockedSpotify CEO Daniel Ek blamed the layoffs on slowing economic growth and how “capital has…

Spotify is eliminating about 17% jobs, its third round of layoffs, as the music streaming looks to become “both productive and efficient.” In a note to employees Monday, Spotify founder and chief executive Daniel Ek said the right-sizing of the workforce is crucial for the company to face the “challenges ahead.” He cited the slow economic growth and rising capital costs among reasons for the job cuts, saying the firm took advantage of lower-cost capital in 2020 and 2021 to invest significantly…

According to Reuters and Bloomberg, TikTok's parent company ByteDance is winding down its gaming arm, including the Nuverse brand, with "hundreds" of jobs likely to be affected. This spells yet more trouble for the Chinese tech giant following the layoffs in its VR division, Pico, earlier this month (Meta says hi, apparently). Nuverse, acquired by ByteDance in 2017, is the publisher of notable titles including Marvel Snap, Ragnarok X: Next Generation and One Piece: Blood Routes, as well as the developer of Crystal of…

Amazon is sacking employees in its Alexa division even as it prepares to upgrade Alexa to be as smart as modern AI-powered chatbots like ChatGPT. The move will impact several hundred employees in the US, Canada, and India, according to an internal email sent on Friday.“As we continue to invent, we’re shifting some of our efforts to better align with our business priorities, and what we know matters most to customers — which includes maximizing our resources and efforts focused on generative AI,” wrote Daniel Bausch,…

Workers at Sega of America are accusing the video game company of "bad faith bargaining with workers" for its plan to lay off dozens of temporary workers. The publisher known for franchises that include Sonic the Hedgehog and Yakuza is now facing an unfair labor practice complaint filed by the Communications Workers of America (CWA). In April, 200 people in various departments across the company overwhelmingly voted in favor of unionization and formed the Allied Employees Guild Improving Sega (AEGIS-CWA) under the CWA.…