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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
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go
28.1.2023
The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations”...
Phil Spencer Says Halo Studio Remains ‘Critical’ To Xbox Despite Cuts
28.1.2023
Things haven’t been going great for Xbox recently. Microsoft is facing stiff resistance in its attempt to acquire Activision Blizzard. It released hardly any big exclusive blockbusters last year. And it just cut over 10,000 jobs last week, including many senior developers at Halo Infinite studio...
Washington Post Shutting Down Gaming Section Amid Wider Layoffs
24.1.2023
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 Layoffs Reportedly Hit Key VR and Metaverse Teams
24.1.2023
The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially...
343, Hit By Layoffs And Key Departures, Says It Will Keep Making Halo
22.1.2023
When Microsoft—a company that made “$198 billion in revenue and $83 billion in operating income” in 2022—made the decision to axe 10,000 workers last week, a number of those came from their video game operations, particularly 343 Studios, the overseers of the Halo series.Read more
Xbox's Phil Spencer Says Microsoft's 10K Layoffs 'Hurts' In Email To Staff
20.1.2023
A few hours ago, Xbox CEO Phil Spencer sent out a company-wide email to all full-time employees under Microsoft’s gaming divisions. A copy of the email was shared with Kotaku by a current Xbox employee, we have confirmed its authenticity, and the full text has been transcribed below:Read more
Layoffs Hit GameSpot, Giant Bomb Just Months After Fandom Buys Them
19.1.2023
Two of the biggest outlets in games media are the latest to face layoffs. A number of editorial staff across both Giant Bomb and GameSpot revealed they’d been let go on Thursday, just months after the sites were purchased by the Fandom wiki network.Read more
Former Halo Infinite Dev Blasts Management Over Layoffs
19.1.2023
Of all the Microsoft teams caught in the blast radius of mass layoffs announced yesterday, it’s possible Halo Infinite maker 343 Industries was among the worst hit. The studio has faced a wave of departures following Halo Infinite’s multiplayer struggles, and the new cuts have sparked strong...
Bitcoin and Ethereum correct as Bitzlato take down, tech layoffs and economic worries dominate headlines
18.1.2023
U.S. regulators’ announcement of enforcement action against Bitzlato, a softening stock market and a fresh wave of layoffs in big tech companies resulted in an abrupt correction in the crypto market