employee-layoffs Archives

Intel Releases Hundreds of Employees at Research Center in Israel, Several Transferring to NVIDIA with Substantial Numbers.

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2 months ago
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Globes, a business news website from Israel, reports that Intel has laid off employees at its research center in Israel, totaling “several hundreds,” in an effort to cut costs. Intel...

Microsoft lays off 650 employees in gaming business without affecting studio game development.

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3 months ago
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Microsoft has recently laid off an additional 650 employees in its Microsoft Gaming business, this time consisting of managerial and support staff, without impacting game development studios or hardware business....

Departures and Transfers: Bungie’s Workforce Adjustment Unveiled – Staff Reductions, Zone Migration, and New Studio Establishment

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5 months ago
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Studio Bungie announces a major restructuring as follows: 220 employees, accounting for 17% of the total workforce, will be laid off. 155 employees, representing 12% of the total, will be...

Foursquare Announces Layoff of 105 Employees to Reduce Company Expenses

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7 months ago
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Foursquare, a renowned platform of the Web 2.0 era that allowed users to check in at different locations, has transformed its business model by providing location coordinates data for corporate...

Tesla Unleashes Fourth Round of Workforce Reductions in a Month

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8 months ago
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Last night, at our local time, Tesla laid off employees for the fourth time this month. This round saw employees from the engineering department, HR, and Service Advisor being let...

Announcement: ShopBack’s CEO Dismisses 195 Employees Due to Rapid Team Expansion

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9 months ago
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ShopBack, an online shopping platform based in Singapore, distinguishes itself with its cashback rewards system, recently laying off 195 employees, accounting for 24% of its global workforce, in a move...

Announcement of Decimating Workforce: 1,000 Employees Dismissed, Constitute 10% of Total Workforce

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11 months ago
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Block, the parent company of Square, is the latest tech firm to announce employee layoffs. According to news reports, approximately 1,000 employees, or 10% of the total workforce, will be...

PayPal Declares Workforce Reduction of 9%, Asserting the Necessity for Apt Business Scale

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11 months ago
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PayPal, the cutting-edge technology company, has announced employee layoffs. The company stated that it will be letting go of approximately 9% of its workforce, encompassing both current employees and open...

Bungie CEO Reveals Employee Termination Due to Subpar Performance in Crafting Destiny 2’s Gaming Masterpiece

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1 year ago
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After Bungie’s recent announcement of employee layoffs and the release delay of Destiny 2 The Final Shape and Marathon, it has been revealed that approximately 100 employees were let go,...

Yuga Labs Fashions BAYC, an Avant-garde Ape Collection, Amidst a Period of Descent – Implements Structural Adjustments, Releases Workforce.

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1 year ago
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Yuga Labs, the renowned creator of the NFT project Bored Ape Yacht Club (BAYC), has announced a restructuring of the company and employee layoffs. CEO Daniel Alegre, who joined the...