Business
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.
Business
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.
Gaming
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.
Business
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.
Business
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.
Business
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.
Business
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.
Business
HP acquires Humane for US$116 million, sparking job offers and layoffs
HP acquired an AI startup called Humane for US$116M, offering big pay raises to some employees while suddenly laying off others in a company…
Business
Canoo files for bankruptcy, ending seven years of EV innovation
Canoo, a seven-year-old EV startup, filed for bankruptcy and ceased operations after failing to secure funding.
