Business
Google confirms the dismissal of around a thousand employees
Google confirms around a thousand layoffs across various departments, including hardware, engineering, and assistant teams, as part of post-pandemic adjustments
Business
Twilio announces workforce reduction to enhance profitability
Twilio Inc. plans to lay off 5% of its workforce by early 2024, expecting to incur costs up to US$35 million, in line with…
Business
Spotify announces third job cut this year, sending shares soaring
Spotify cuts 1,500 jobs in its third round of layoffs this year, causing its shares to jump significantly amidst a trend of workforce reductions…
Business
ByteDance scales back gaming venture with mass layoffs
ByteDance reduces its gaming division, Nuverse, amid modest performance, leading to mass layoffs and questioning the effectiveness of its strategies in the gaming industry.
Business
Meta restructures AI teams, focusing on generative AI development
Meta restructures its AI teams, focusing more on generative AI and dissolving its Responsible AI team amidst global efforts to regulate AI development.
Business
Amazon restructures gaming division with significant job cuts and project closures
Amazon announces major changes in its gaming division, including over 180 job cuts and the shutdown of several projects, aiming to focus on high-quality…
Business
Unity to potentially implement layoffs following Q3 earnings report
Unity may enforce layoffs as part of cost-saving measures following its Q3 earnings report amidst recent challenges and industry-wide restructuring trends.
Business
Mullenweg confirms Tumblr’s struggles but no closure planned
Matt Mullenweg confirms significant staffing changes at Tumblr amid financial challenges, with plans to reallocate staff within Automattic, but no closure of Tumblr has…
Business
ByteDance’s VR unit, Pico, faces setbacks and staff reductions
ByteDance's VR unit, Pico, faces staff reductions and strategic shifts amid sluggish sales and challenging market conditions, focusing on hardware and core technology development.
