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Meta Announces 10,000 Layoffs in ‘Year of Efficiency’ Move; Singles Out AI Over Metaverse as ‘Largest Investment’
16.3.2023
Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy. Mark Zuckerberg, CEO of the company, stated that artificial intelligence (AI) was currently the company’s most...
Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty
15.3.2023
It's unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the U.S. banking sector
Crypto Platform Anchorage Digital Laying Off 20% of Its Staff: Bloomberg
14.3.2023
The firm said that U.S. regulatory uncertainty played a role in its decision
Blockchain.com to Suspend Operations of Asset Management Arm: Bloomberg
9.3.2023
Crypto financial services company Blockchain.com is suspending operations of its recently-launched asset management arm, citing the prolonged crypto winter as the reason for its decision, according to a Bloomberg report
Binance 'not planning any layoffs,’ 500 roles to be filled in H1
3.3.2023
A Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs
Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source
1.3.2023
Crypto layoffs decelerate, with layoffs falling to 570 in February
1.3.2023
The number is a stark contrast to over 2,900 employees from the crypto industry let go in January
EA Lays Off Over 100 Apex Legends Testers Over Zoom Call
28.2.2023
Over 100 quality assurance testers at Electronic Arts’ Baton Rouge, LA office were abruptly laid off during a surprise Zoom call on Tuesday, three sources familiar with the meeting tell Kotaku. They worked predominantly on Apex Legends, the publisher’s hit battle royale developed by Respawn...
Dapper Labs Laying Off Another 20% of Its Staff: Report
23.2.2023
The job cuts follow a previous 22% workforce reduction in November
GameStop Offers $5,000 Reward To Stop PS5 Crime Spree
23.2.2023
The good thing about the PlayStation 5 shortage being over now is that people who want the consoles can finally buy them. The bad news is that it’s also apparently led to an uptick in GameStop robberies as thieves target the pricey and easy-to-flip consoles. GameStop’s answer? A $5,000 reward...
Australian Crypto Gaming Firm Immutable Cuts Staff By 11%: Report
22.2.2023
Australian crypto gaming company Immutable is cutting 11% of its workforce, according to a report by The Sydney Morning Herald on Wednesday
Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
20.2.2023
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance...
Meta Reportedly Preparing for a New Round of Layoffs
14.2.2023
Meta, the company that owns Whatsapp, Instagram, and Facebook, is reportedly preparing to announce a new round of layoffs in the coming days. According to reports, the company is delaying the finalization of the budget for each one of its teams, causing operational delays and affecting the output...
Nintendo Announces 10 Percent Pay Raise For Devs Despite Lower Profits
7.2.2023
Nintendo announced a 20 percent Switch sales drop in its latest financial report, but still plans to institute a 10 percent pay raise, the company told investors Tuesday. While it’s unclear if that hike will trickle down to temporary contractors at the Mario maker’s North American headquarters...
Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn
5.2.2023
Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn...
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
4.2.2023
Crypto execs suggested that the "extremely challenging" times forced them to cut jobs in order to “weather this extended" crypto winter
GameStop Manager Fired After $5,000 PS5 Robbery
2.2.2023
Only one person was on shift at the GameStop in Easton, PA when two men tried to rob it last month. Outnumbered and told to put their hands up, the employee backed off as the thieves unloaded $5,000 worth of PlayStation 5s from the back room. A week later, GameStop allegedly fired the 13-year...
Report: EA Cancels Joint Apex Legends And Titanfall Game
1.2.2023
Titanfall 2 fans have been desperate for something resembling a sequel for years now, and it sounds like Electronic Arts may have just cancelled the next best thing. Bloomberg reports that a project called Titanfall Legends was quietly cancelled yesterday amid a series of other cuts at the FIFA...
Report: Halo Infinite Won't Get Story DLC, Series Switching To Unreal
31.1.2023
Things are changing at Halo developer 343 Industries following massive layoffs across Microsoft—including reportedly 95 people at the Halo developer. The studio is switching to Unreal Engine, has no plans to make more story content for 2021’s Halo Infinite, and continues trying to figure out what...
Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise
31.1.2023
It was a tough month for crypto employees with at least 14 firms announcing staff reductions in January