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Ubisoft Is Discontinuing XDefiant, Shutting Down San Francisco and Osaka Studios
Ubisoft is discontinuing development on its free-to-play shooter XDefiant, the studio announced Wednesday. The online title, which released in May after several delays and playtests, has not been able to retain strong player numbers after a promising launch, the publisher said. As a result, Ubisoft is also shutting down its San Francisco and Osaka ...
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Ola Electric To Lay Off 500 Employees Amid Losses: Report
Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of a restructuring exercise.
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Boeing To Fire Over 2,000 Employees In US, Home To Its Oldest Facilities
The US aviation giant Boeing sent out its first redundancy notifications on Monday as part of a previously announced plan to cut 10 percent of its global workforce.
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AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
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After Laying Off 15,000 Employees, Intel Revives Free Coffee And Tea Perks To Lift Employee Morale
The action is viewed as a modest but significant attempt to raise staff morale in the wake of recent budget cuts.
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Intel Resumes Free Coffee, Tea To Boost Morale After Laying Off 15,000 Employees
In August, it announced plans to reduce its workforce by 15,000 through voluntary separations and layoffs.
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Elon Musk Lays Off Employees From X, Engineering Department Faces Major Cuts: Report
Elon Musk, who is busy promoting Donald Trump for the keenly-watched US presidential election on November 5, has reportedly laid off more employees from his X social media platform.
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EY Fires Staff In US For Taking Multiple Online Training Courses At Once
Ernst & Young (EY) recently fired dozens of employees in the US for attending multiple online training courses simultaneously during the firm's learning week organised earlier this year.
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Meta Lays Off Employees Across Units, At WhatsApp And Instagram: Report
Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.
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ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
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Microsoft Announces 650 Layoffs at Xbox Unit in Bid to Cut Costs After Activision Acquisition
Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.
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PricewaterhouseCoopers Fires 1,800 Employees In US In 1st Major Layoff Since 2009
PricewaterhouseCoopers (PwC) is set to lay off approximately 1,800 employees in the United States, marking its first major round of layoffs since 2009.
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Goldman Sachs To Cut A Few Hundred Jobs In Coming Weeks In Annual Cull: Report
Goldman Sachs Group Inc. plans to dismiss a few hundred employees in the coming weeks as part of the firm's annual cull of low-performing staff, according to people familiar with the matter.
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AI Chatbot Startup Character.AI Lays Off At Least 5% Of Its Staff: Report
Chatbot startup Character.AI laid off at least 5% of its staff, The Information reported on Thursday, citing a person briefed by company leaders.
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Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
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Ubisoft Is Discontinuing XDefiant, Shutting Down San Francisco and Osaka Studios
Ubisoft is discontinuing development on its free-to-play shooter XDefiant, the studio announced Wednesday. The online title, which released in May after several delays and playtests, has not been able to retain strong player numbers after a promising launch, the publisher said. As a result, Ubisoft is also shutting down its San Francisco and Osaka ...
-
Ola Electric To Lay Off 500 Employees Amid Losses: Report
Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of a restructuring exercise.
-
Boeing To Fire Over 2,000 Employees In US, Home To Its Oldest Facilities
The US aviation giant Boeing sent out its first redundancy notifications on Monday as part of a previously announced plan to cut 10 percent of its global workforce.
-
AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
-
After Laying Off 15,000 Employees, Intel Revives Free Coffee And Tea Perks To Lift Employee Morale
The action is viewed as a modest but significant attempt to raise staff morale in the wake of recent budget cuts.
-
Intel Resumes Free Coffee, Tea To Boost Morale After Laying Off 15,000 Employees
In August, it announced plans to reduce its workforce by 15,000 through voluntary separations and layoffs.
-
Elon Musk Lays Off Employees From X, Engineering Department Faces Major Cuts: Report
Elon Musk, who is busy promoting Donald Trump for the keenly-watched US presidential election on November 5, has reportedly laid off more employees from his X social media platform.
-
EY Fires Staff In US For Taking Multiple Online Training Courses At Once
Ernst & Young (EY) recently fired dozens of employees in the US for attending multiple online training courses simultaneously during the firm's learning week organised earlier this year.
-
Meta Lays Off Employees Across Units, At WhatsApp And Instagram: Report
Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
-
Microsoft Announces 650 Layoffs at Xbox Unit in Bid to Cut Costs After Activision Acquisition
Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.
-
PricewaterhouseCoopers Fires 1,800 Employees In US In 1st Major Layoff Since 2009
PricewaterhouseCoopers (PwC) is set to lay off approximately 1,800 employees in the United States, marking its first major round of layoffs since 2009.
-
Goldman Sachs To Cut A Few Hundred Jobs In Coming Weeks In Annual Cull: Report
Goldman Sachs Group Inc. plans to dismiss a few hundred employees in the coming weeks as part of the firm's annual cull of low-performing staff, according to people familiar with the matter.
-
AI Chatbot Startup Character.AI Lays Off At Least 5% Of Its Staff: Report
Chatbot startup Character.AI laid off at least 5% of its staff, The Information reported on Thursday, citing a person briefed by company leaders.
-
Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
