Layoffs

Xbox boss Phil Spencer addressed the closures of several Microsoft Corp.’s (NASDAQ:MSFT) gaming studios, including Redfall developer Arkane Austin and Hi-Fi Rush developer Tango Gameworks. In a recent interview with IGN’s Ryan McCaffrey at IGN Live, Spencer stated he had to make...

Behaviour Interactive has announced significant layoffs, affecting up to 95 employees — 70 based in its Montreal office. According to GamesIndustry.biz, the decision comes as part of what the company terms “structural changes” to pursue a “clarified vision.” The studio has...

Intercept Games and Roll7, the two studios responsible for games like Kerbal Space Program 2 and OlliOlli World, are on the verge of closing down. What Happened: Both Intercept Games and Roll7 are part of Private Division, which Take-Two Interactive Software Inc (NASDAQ:TTWO) formed in 2017 when...

Elon Musk faces scrutiny over his direct involvement in the hiring and firing processes at his companies, raising questions about the legality and efficiency of his management style. What Happened: The management approach of Musk has come under fire, with his hands-on role in personnel decisions at...

ByteDance Ltd.'s TikTok is reportedly planning to lay off a significant number of employees from its operations, content, and marketing departments as it battles President Joe Biden‘s new law forcing it to either divest or be banned. What Happened: The layoffs are expected to be announced on...

Tesla Inc. (NASDAQ:TSLA) has announced a 10% workforce reduction in Norway, providing all affected employees with a severance package What Happened: The company had to curtail the acceptance period for the severance packages from a week to three days due to high demand, according to TV2 reported on...

Tesla Inc. (NASDAQ:TSLA) Elon Musk reportedly dismissed almost the entire Supercharger division of Tesla, including its head Rebecca Tinucci, after Tinucci refused to lay off workers beyond the planned numbers. What Happened: Tinucci reportedly had a meeting with Musk to discuss the future of the...

Square Enix Holdings Co (OTC:SQNXF) is reportedly preparing for layoffs as part of ongoing restructuring efforts. According to VGC, citing an internal meeting held on Monday, Square Enix president Takashi Kiryu informed staff that layoffs would affect the company’s American and European...

Deepwater Asset Management’s Managing Partner Gene Munster has voiced concerns over the morale at Tesla Inc. (NASDAQ:TSLA) following the departure of several senior executives. However, he is hopeful that the company will improve its revenue growth by 2025. What Happened: On Thursday, Munster...

Microsoft Corp. (NASDAQ:MSFT) is shuttering several Bethesda studios and merging at least two — Roundhouse Games and ZeniMax Online Studios — sending shockwaves through the gaming industry. What Happened: According to IGN, the closures affect Arkane Austin, Tango Gameworks, and Alpha Dog Studios...

Barry McCarthy, CEO of Peloton Interactive, Inc (NASDAQ:PTON), has stepped down from his position. The company also announced a 15% cut in its global workforce, attributing the decision to a slump in demand for its fitness products in the post-pandemic era. What Happened: McCarthy’s...

This story was first published on the Benzinga India portal. As part of a significant cost-cutting strategy, Alphabet Inc's Google (NASDAQ: GOOGL) recently eliminated approximately 200 roles from its core team and relocated some positions to India and Mexico. The tech giant also slashed...

Nico Murillo was part of the large group of Tesla employees who were laid off by the EV giant earlier this month. Day Of The Layoff: In a post on Linkedin, Murillo recounted his experience starting from the morning of April 15 when he noticed that his work account was deactivated but dismissed it...

EV maker Rivian Automotive (NASDAQ:RIVN) is reportedly cutting another 1% of its workforce, just days after larger rival Tesla announced massive layoffs.  What Happened: While Rivian’s previous cut in February impacted product teams and those working on the company...

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), is being called upon to clarify the circumstances surrounding the recent layoffs at the company. The move comes in the wake of a challenging period for the electric vehicle giant, with investors seeking reassurances. What Happened: Wedbush analyst Dan...