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Cursed Mafia III Studio Hangar 13 Hit With New Round Of Layoffs
26.5.2022
Hangar 13 can’t catch a break. The studio behind Mafia III, which suffered multiple rounds of layoffs in the years that followed its 2016 launch, is once again on the chopping block. Kotaku has learned that in addition to a steady stream of departures, developers across the studio’s three global...
Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs
25.5.2022
Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster...
Layoffs At EA Austin Following Split With FIFA
18.5.2022
Electronic Arts is laying off a ton of customer service staff at its Austin office, according to internal emails viewed by Kotaku. One source familiar with the decision told Kotaku that as many as 100 employees could be affected, many of whom supported live operations on FIFA 22. Going forward,...
Sony Cuts PlayStation Jobs Despite Growth
31.3.2022
Sony is cutting up to 90 jobs from its “merchandiser” and retail marketing teams as part of a “global transformation,” according to a new report by Axios. The layoffs come despite the continued growth of PlayStation thanks to the success of the PS5, and some employees were caught off guard by...
Call Of Duty: Warzone Devs Stage Walkout Over Layoffs
6.12.2021
Quality assurance testers and other developers at Raven Software, the Activision studio in charge of the extremely lucrative free-to-play battle royale Call of Duty: Warzone, are walking out on the job today to protest surprise layoffs that were foisted on staff beginning last Friday. The group...
Call of Duty QA Testers Face Layoffs After Reportedly Being Promised Raises By Activision
4.12.2021
Today, contract testers at the Call of Duty studio Raven Software were told that the studio would face layoffs on January 28th of next year, a Call of Duty community manager said on Twitter. A source familiar with the goings-on at the company confirmed to Kotaku that for the next few days in early...
Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs
18.5.2021
A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector...
Report: More Layoffs Loom As Activision Blizzard Moves To Close European Publishing Offices
19.3.2021
Activision Blizzard is planning to close its publishing offices in Europe and lay off even more employees in the process, according to a new report by GamesIndustry.biz.Read more
Activision Blizzard Esports Announces Layoffs
16.3.2021
Activision Blizzard Esports will lay off around 50 employees, according to a report released today by Sports Business Journal.Read more
Blockchain Bites: Crypto.com Refunds, Sovrin’s Layoffs and AML Bitcoin’s AML Issues
26.6.2020
New York officials have instituted a three-strike rule for crypto firms applying for the BitLicense, the Sovrin Foundation is now volunteer run and Aussies can now buy BTC at their post office
Crypto News Outlet BlockTV Shuts Down, Citing Impact of COVID-19
8.6.2020
Cryptocurrency-focused media startup BlockTV has shut down operations due to the economic strains of the COVID-19 crisis, according to two former employees
New Layoffs Hit Ethereum Incubator ConsenSys
20.4.2020
ConsenSys is laying off dozens more staffers, two people familiar with the matter tell CoinDesk
Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...
Novogratz’s Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%
14.2.2020
Galaxy Digital, the crypto merchant bank founded by Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said
Bitmain Responds to Layoff Rumors From Ousted Co-Founder Zahn
7.1.2020
Ousted Bitmain co-founder Micree Zahn took to Weibo on Monday to speak out against a reported Bitmain “personnel optimization plan” which could purportedly see around 500 Bitmain workers dismissed by January 17. Chinese media broke the story last week citing inside sources at...
Ousted Co-Founder of Crypto Mining Firm Bitmain Opposes Layoffs
6.1.2020
Bitmain’s co-founder and biggest shareholder claims he is “firmly opposed to layoffs” at the firm after being ousted by current CEO Jihan Wu
Circle Confirms New Round of Layoffs Following Co-CEO Departure
11.12.2019
Circle laid off about 10 employees in its latest effort to cut costs. The move follows a round of 30 layoffs in May
Banks Are Cutting 75,700 Jobs Worldwide
4.12.2019
Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank...
Blockchain Sleuthing Firm Chainalysis Slashes 20% of Workforce
21.11.2019
Chainalysis laid off 39 employees Thursday citing the need for a "path to profitability."
Banking Giant HSBC Set to Fire 10,000 More Employees
8.10.2019
The banking sector continues to suffer drastic layoffs as the global economic outlook remains uncertain. The latest financial institution reported to be set for cutting a massive amount of workers is HSBC, which has already announced firing thousands of people just a few weeks ago. Also Read:...