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Microsoft Reportedly Shutting Down Industrial Metaverse Focused Group


Software giant Microsoft is shutting down one of its most significant groups dedicated to the development and promotion of the industrial metaverse. According to reports, the company terminated its whole Industrial Metaverse Core group, which was composed of 100 employees, as part of...

Washington Post Shutting Down Gaming Section Amid Wider Layoffs


The Washington Post imposed more layoffs on Tuesday just a week after owner Jeff Bezos visited its Washington D.C. office. Among the ritual sacrifices will be Launcher, the newspaper’s burgeoning gaming section, which routinely broke important news stories, landed big interviews, and asked...

Microsoft Slashes 10K Jobs, Including At Xbox And Halo Studios


Following rumors earlier this week from Sky News, tech giant Microsoft has announced a slew of layoffs affecting 10,000 workers, some within its game studios, blaming slowing e-commerce sales and a potential economic recession. Kotaku has confirmed that a number of developers at 343 Industries,...

GameStop Gets Into Holiday Spirit With More Layoffs


In the spirit of Christmas and the ruthless pursuit of meme stock shareholder value, GameStop carried out its latest round of layoffs on Monday ahead of its new earnings report, which is due out later this week. The cuts reportedly hit staff working on the company’s crypto push, as well as a number...

ByBit Crypto Exchange to Layoff Third of Workforce Amid Ongoing Bear Market


Crypto exchange ByBit is planning to cut its workforce by 30% due to poor market conditions - which are likely to worsen, said its CEO Ben Zhou. Bloomberg cited co-founder and Chief Executive Officer Zhou as saying that reductions will be across the board. ... Read More: ByBit Crypto Exchange...

Tencent Guts Its Gaming News Site, Firing Staff Without Warning


Today layoffs hit the respected video game and entertainment website Fanbyte, with the site’s editor-in-chief and head of media among the list of staff who are now out of work. According to Fanbyte employees, the layoffs were a total shock, with some reporting that they had just worked with some...

G4TV Hit With Major Layoffs Less Than A Year After Coming Back


At least somewhere between 15-20 staff were laid off at G4TV today, according to two sources familiar with business. The video game talk show network from the 2000s was resurrected last fall on streaming platforms like Twitch as well as cable TV, but now faces major upheaval less than a year later....

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