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Tag: Layoff

Square Enix cuts UK and US jobs as it shifts focus back to Japan

Square Enix lays off UK and US developers as it consolidates operations in Japan and expands its use of AI in game development.

Amazon cuts 14,000 corporate jobs amid shift towards AI-driven operations

Amazon cuts 14,000 corporate jobs as part of a major restructuring to boost AI integration and streamline global operations.

Xbox console revenue drops 30% as Microsoft focuses on AI expansion

Xbox console revenue drops 30% year-over-year as Microsoft shifts focus toward AI and cloud expansion amid workforce cuts and game cancellations.

Meta cuts 600 roles across AI division amid restructuring

Meta cuts 600 jobs in its AI division as it restructures teams and shifts focus to its new superintelligence project, TBD Lab.

Managers increasingly turn to AI for performance reviews, raising fears over the future of traditional HR

A new survey finds growing use of AI in workplace communications, including performance reviews, raising concerns about the future of HR.

Bending Spoons to acquire Vimeo in US$1.38 billion deal

Vimeo to be acquired by Bending Spoons for US$1.38 billion, taking the video platform private later this year.

ByteDance reveals median employee tenure of nearly three years

ByteDance reveals median employee tenure of 2.9 years, offering insight into retention trends amid China’s highly competitive tech sector.

Blizzard winds down development for the Warcraft mobile game after layoffs

Blizzard will end new content for Warcraft Rumble after 100 staff were laid off, scaling down mobile ambitions amid broader Microsoft cuts.

Microsoft to announce major Xbox layoffs next week

Microsoft is preparing to cut more Xbox jobs next week as part of a larger restructure. Layoffs are also expected in its sales division.

Microsoft to cut 3% of its global workforce despite substantial profits

Microsoft is cutting 3% of its workforce, impacting over 6,500 roles, despite substantial profits and recent growth across the company.

Intel prepares for major layoffs ahead of Q1 earnings

Intel plans to cut over 21,000 jobs this week, aiming to rebuild its focus and engineering culture under new CEO Lip-Bu Tan.

Mark Cuban offers to fund government tech unit after overnight layoffs

Mark Cuban offers to fund laid-off government tech workers after sudden 18F unit cuts, suggesting they start a consulting firm.