What a heinous month for the media. Almost every day, a publication announces layoffs or shuts down. Sports Illustrated just let go almost all of its staff after weathering an embarrassing scandal about AI-generated articles. It’s unclear what the desiccated magazine’s future holds, but the sad fate of another formerly great outlet offers a preview … Read more
L-R: Mark Zuckerberg, CEO of Facebook, Satya Nadella, CEO of Microsoft, and Sundar Picahi, CEO of Google. Reuters | Getty Images The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past … Read more
Stick figures image displayed on a laptop screen and a binary code displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 24, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images As tech firms prioritize investments into artificial intelligence and go on … Read more
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | Reuters Paramount CEO Bob Bakish announced layoffs at the media company Thursday, citing a need to “operate as a leaner company and spend less.” “Our priority is to drive … Read more
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“Today’s actions affect multiple teams within Blizzard, including development teams, shared service organizations and corporate functions,” Matt Booty, head of Xbox Studios, said in a note to staff. “As part of this focus, Blizzard is ending development on its survival game project and will be shifting some of the people working on it to one … Read more
As games like Baldur’s Gate 3, Alan Wake II, The Legend of Zelda: Tears of the Kingdom, Spider-Man 2, and so many more marked 2023 as a year of instant hits and commercial success, developers were suffering. Layoffs rolled across the industry worldwide, knocking out a reported 6,500 jobs from studios like Amazon Games, Ubisoft, … Read more
After laying off over 1,000 workers across multiple divisions last week and cutting 100 jobs at YouTube, Google CEO Sundar Pichai sent a memo to its staff warning more layoffs are expected this year. Pichai’s memo said the company will have to make “tough choices” to meet its ambitious goals, as reported by The Verge. … Read more
So far, 2024 is off to a start that looks a lot like 2023—with a week full of job cuts from tech companies. Duolingo cut 10 percent of its contractors earlier this week, citing artificial intelligence as part of the reason. Twitch announced a cut of 500 people, and its parent company, Amazon, also made … Read more
Google is laying off hundreds of employees across its Pixel, Nest, Fitbit, and Assistant divisions, the company said in a statement on Thursday. Google’s augmented reality team was also hit with layoffs, according to a report by 9to5Google. “To best position us for these opportunities, throughout the second half of 2023, a number of our … Read more
It seems that every January after the festivities of the holidays begin to fade and the winter chill settles in, tech companies begin their rounds of layoffs. Google said on Wednesday that it laid off a few hundred people from its central engineering team, a few hundred people in the Google Assistant team, and a … Read more