Layoffs

Tesla Might Not Be 'Out Of The Woods Yet' But Gene Munster Feels EV Giant Will Return To Over 25% Growth In 2025
Microsoft's Xbox Closes 4 Video Game Studios In Bethesda Restructure
Peloton CEO Barry McCarthy Resigns As Company Decides To Downsize By 15%: 'No Other Way To Bring Its Spending In Line With Its Revenue'
Microsoft's Xbox Closes 4 Video Game Studios In Bethesda Restructure
Peloton CEO Barry McCarthy Resigns As Company Decides To Downsize By 15%: 'No Other Way To Bring Its Spending In Line With Its Revenue'
Google Eliminates 200 Jobs, Moves Roles to India And Mexico As Part Of Cost-Trimming Efforts
29-Year-Old Tesla Worker Who Got Fired Says He Slept In Parking Lot, Showered At Factory And Ate Microwaved Dinner: 'Sacrificed A Lot For The Company'

Layoffs Recent News

Elon Musk's Top Deputy Made 'Difficult Decision To Move On From Tesla' As EV Maker Said To Be Laying Off Over 14,000 Workers: 'I Have No Concrete Plans'
Tesla CEO Elon Musk has seen the departure of two of his top executives, including a senior VP after the electric car maker laid off over 10% of its global workforce.
'There Is Nothing I Hate More,' Elon Musk Tells Employees As Tesla Said To Be Laying Off Over 14,000 Workers To Slash Costs (UPDATED)
This news also follows Tesla's report of an 8.5% year-on-year decline in first-quarter vehicle deliveries, totaling 386,810 vehicles globally.
EA Drops UK Quality Team, Leaves 40 Apex Legends Staffers In Limbo
EA dissolves Apex Legends UK QA team, impacting 40 workers. This move does not appear linked to the layoff of 670 EA employees in February.
Amazon's AI Goals Could Hit Workforce As Broader Tech Sector Layoffs Recede
Amazon plays a major role in the tech and retail industries; its influence as a major employer is also one reason why AI can lead to layoffs.
Apple Killed Its Car, Display Projects, And Then It Culled 600 Jobs: Report (UPDATED)
Apple Inc. has laid off more than 600 employees in California as it restructures, ending its self-driving car and display projects.
Gaming Industry Layoffs: Nintendo Confirms Testing Department Cuts
Nintendo of America is undergoing significant changes in its testing department amidst a reported slowdown in game development and the apparent delay of the Switch 2.
Survey Reveals 87% Of Game Developers Embrace Open-Source Amid AI Concerns, Layoff Fears
In a recent survey, a resounding 87% of full-time game developers voiced their support for open-source software, signaling a significant shift in the industry's landscape.
Geoff Keighley Sets Summer Game Fest 2024 For June Launch: When To Buy Your Tickets
Summer Game Fest, hosted by Geoff Keighley as an alternative to the defunct E3, is scheduled to return in 2024.
Universal Music Group Announces Major Layoffs Amid $271M Strategic Overhaul
Universal Music Group NV (OTC: UMGNF) announced a "strategic organizational redesign" during its fourth-quarter earnings call, aiming for "efficiencies in targeted cost areas while strengthening labels' capabilities to deepen artist and fan connections," as
Electronic Arts Cancels Star Wars Mandalorian FPS Game: Focus Shifts To Next Jedi Game, Black Panther, Iron Man
Electronic Arts Inc (NASDAQ: EA) has undergone significant restructuring, resulting in the cancellation of Respawn's Star Wars FPS game and the loss of about 670 jobs,
Bumble Slashes Over 30% Headcount: What Does This Mean For Tech Investors?
News of the layoffs at Bumble come amid a broader trend. PayPal, Microsoft, Amazon and others are slashing their workforces.
PlayStation Feels Industry Pressure: Sony Cuts 900 Jobs, Shuts Down London Studio
Sony Group Corp (NYSE: SONY) has announced a major restructuring, resulting in layoffs affecting approximately 900 employees, or about 8% of its global PlayStation workforc
Why Shares Of Jack Dorsey's Block Are Surging 14% Premarket Today
The company, previously known as Square, reported a fourth-quarter gross profit of $2.03 billion, marking a 22% year-over-year rise.
BuzzFeed Shares More Than Double Following $108.6M Complex Sale, Plans To Layoff 16% Staff
BuzzFeed has sold Complex Networks to NTWRK, a live-streaming video commerce platform. The deal, valued at $108.6 million, will also see a 16% reduction in BuzzFeed's workforce.
Cisco's Expanded Partnership With Nvidia Overshadowed By The "Price" It Has To Pay For Its AI And Cybersecurity Shift
Cisco Systems Inc (NASDAQ: CSCO) joined Alphabet (NASDAQ: GOOG), Amazon.com Inc (NASDAQ: AMZN),Microsoft Corporation (NASDAQ:
Every Macro Layoffs Discussion Should Start With This Key Metric
Stocks made new record highs, with the S&P 500 reaching a closing high of 5,029.73 on Thursday and an intraday high of 5,038.70 on Friday. For the week, the S&P shed 0.4%. The index is now up 4.9% year to date and up 39.9% from its October 12, 2022 closing low of 3,577.03.
Mark Zuckerberg Offers Why Tech Layoffs Won't End Anytime Soon: 'It Was Really Tough'
Mark Zuckerberg, CEO of Meta Platforms Inc (NASDAQ: META), 
Embracer Signals Further Layoffs: 1,387 Job Cuts Only The Beginning
Embracer Group AB (OTC: THQQF) has undergone a significant restructuring.
Morgan Stanley To Cut Hundreds Of Jobs In Wealth Management As Growth Slows: Report
Morgan Stanley (NYSE: MS) is set to enact job reductions within its wealth management sector, as newly appointed CEO Ted Pick initiates cost-cutting measures amid signs of a slowdown in this crucial segment
Tech Giants Including Microsoft, Alphabet, PayPal Slashed 34,000 Positions For Generative AI Investment In 2024: Report
In a strategic move to invest in generative artificial intelligence (AI), major tech companies have collectively cut 34,000 jobs since the beginning of 2024.
Cisco Plans Restructuring, Potential Job Cuts As Focus Shifts to High-growth Sectors: Report
Cisco is planning a restructuring and potential job cuts to focus on high-growth sectors, aiming to offset revenue declines and supply chain challenges.
Microsoft Claps Back At FTC, Insists Activision Was 'Already Planning Significant' Layoffs
Microsoft Corp. (NASDAQ: MSFT) has responded directly to the Federal Trade Commission's (FTC) claims regarding layoffs following the acquisition of Activision.
Gaming Industry Layoffs: Crash Bandicoot Studio, Toys For Bob, Grapples With Office Closure
The closure of Toys For Bob in Novato, California adds to the uncertainty surrounding the future of the renowned game developer, known for titles like Crash Bandicoot, Spyro, and Skylanders.