lays

Paramount Global said Tuesday it’s laying off some of its “very valued colleagues,” including on its Paramount+ team. Variety reported Tuesday the cuts will affect about 800 employees, an estimated three percent of the media giant’s workforce. “I am confident this is the right decision for our future,” CEO Bob Bakish wrote in a leaked staff memo. Paramount Global’s revenue grew three percent in the third quarter of 2023.Bakish’s memo says the company will notify terminated staff by the close of business on Tuesday. He…

Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | ReutersParamount Global is laying off hundreds of employees, just one day after the company announced CBS had record Super Bowl viewership, Chief Executive Officer Bob Bakish said Tuesday in an internal memo to employees.Paramount will lay off about 800 people, or an estimated 3% of its workforce, according to a person familiar with the matter. Paramount Global…

Omnichannel meat retailer Licious has laid off 80 employees, representing 3% of its employee base, as part of what it called an “operational reset to sharpen growth focus”.Most of the layoffs happened in corporate teams with sales, marketing and tech executives getting impacted, a person aware of the matter said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM LucknowIIML Executive Programme in FinTech,…

Grammarly is laying off 230 employees worldwide as part of a “business restructuring,” the company announced this week. The layoffs are part of Grammarly’s efforts to advance its focus on “the AI-enabled workplace of the future,” the company says. “To arrive at today’s decision, we took a look at our organizational design and the current skillsets of our teams through the lens of our company strategy,” Grammarly CEO Rahul Roy-Chowdhury said in a memo to employees. “As we strengthen our focus…

Hundreds of employees at NASA’s Jet Propulsion Laboratory (JPL) will be affected by budget constraints looming over the space agency for the current year, with Congress still behind on issuing the final budget for 2024 and its final decision regarding Mars Sample Return (MSR).'More People Need to Know About This History': A Black Astronaut Speaks About Race and SpaceIn a statement issued on Tuesday, NASA announced that it will layoff 530 employees, or around 8% of the JPL workforce, as well as 40 contractors, in its…

In the ever-evolving landscape of cryptocurrencies, innovation and competition go hand in hand. While established projects like Polygon (MATIC) have made significant strides in the blockchain space, newcomers like Retik Finance (RETIK) are quickly gaining ground. This article explores the exciting prospects of Retik Finance, which is on the verge of a potential 500% bullish breakout, while also addressing recent developments regarding Polygon’s layoffs. Retik Finance: A Remarkable Journey Retik Finance has…

The interim budget holds the promise of propelling the nation towards its vision of ‘Viksit Bharat’ by 2047 — a developed India by the centenary of its independence. With a revised fiscal deficit target of 5.1% and higher capital expenditure, it positions India to assertively claim its position in the global economic landscape.Along with this, stability in taxes and a higher tax-to-GDP ratio will pave the way for a strong foundation for growth while adhering to fiscal prudence.Elevate Your Tech Prowess with High-Value…

“The global economic context, the challenges of our industry and the comprehensive restructuring announced by Embracer have finally impacted our studio.” Image: Eidos Montreal“The global economic context, the challenges of our industry and the comprehensive restructuring announced by Embracer have finally impacted our studio,” wrote Eidos Montreal. Eidos doesn’t mention the canceled game.The 97 laid-off employees are facing a rather more troubling cliffhanger, though. “The global economic context, the challenges of…

According to reporting by Bloomberg, Embracer Group is laying off 97 of the staff at Eidos Montreal and has canceled an unannounced title in the Deus Ex series. This is part of an ongoing series of job losses as Embracer contracts after a period of rapid expansion. The Embracer Group acquired Eidos Montreal as part of a deal with Square Enix in 2022, which saw the latter company divest from its North American studios. This deal also included Square Enix Montreal and Crystal Dynamics, as well as a selection of properties…

Aurora said the partnership with the German company gives it a path to deploy autonomous trucks at scale after its initial driverless launch, planned at the end of 2024.Autonomous vehicle technology company Aurora Innovation said on Wednesday it had cut 3% of its workforce as part of a reorganization exercise.Aurora had 1,700 employees by 2022-end, as per the company's securities filings. "As we move toward commercial launch, we recently reviewed the entire organization…