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Ubisoft CEO Takes $300,000 Pay Cut After Company’s Poor Performance
24.6.2022
The latest Ubisoft earnings reports shared that longtime chief executive Yves Guillemot will voluntarily take a sizable pay cut totaling €310,607 (around $327,000 USD).Read more
Let’s Put EA CEO’s $20 Million Payout In Context
17.6.2022
The CEO of Madden maker Electronic Arts is set to rake in $19.8 million in total compensation for his company’s strong performance in 2021. That’s about half of what it was for 2020 after EA’s Board of Directors cracked down on exorbitant bonuses in the face of shareholder backlash, but still...
Binance Australia CEO: regulations will establish higher standards in crypto
14.6.2022
Leigh Travers feels that a change in Australia’s government will slow down work on crypto regulations that could prove that the industry is already operating at a higher level than traditional finance
US Inflation Spiked 8.6%, Highest in 40-Years — Economist Says We’re Not ‘Seeing Any Signs That We’re in the Clear’
11.6.2022
After April’s consumer price index (CPI) report was published, a number of American economists and bureaucrats said that inflation had peaked and it was possible that inflation would subside. However, statistics from the U.S. Labor Department indicate the CPI increased 8.6% from a year...
Activision Blizzard Recognizes QA Workers' Union
10.6.2022
Bobby Kotick announced today that Activision Blizzard will recognize Raven Software’s union of quality assurance testers. He promised that “we will engage in good faith negotiations to enter into a collective bargaining agreement” with Communications Workers of America.Read more
Overworked GameStop Employees Walk Out, Tell Gamers To Shop Elsewhere
7.6.2022
The GameStop in the Gateway Mall in Lincoln, Nebraska is one of the busiest around, at least according to the person who used to run it. But over the weekend it was closed after four employees decided to walk out and never return over what he says are bad working conditions and a verbally abusive...
Lawsuit Claims US Labor Department’s Crypto Guidance Is Unlawful
7.6.2022
The U.S. Department of Labor has been sued by a 401(k) plan administrator over its cryptocurrency guidance. “This lawsuit seeks to preserve the rights of American investors to choose how to invest money in their own retirement accounts.” U.S. Labor Department Sued Over Crypto Guidance...
Dragon Age QA Workers Votes Unanimously To Form Labor Union
6.6.2022
This morning, quality assurance testers on Dragon Age: Dreadwolf unanimously voted to form Canada’s first video game labor union. They filed the motion on April 20, and the election concluded 16-0 in favor of unionizing. This came after the devs mounted an organized campaign focused on bad pay...
401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release
2.6.2022
The retirement plan fiduciary says warning about investigation of 401(k) plans that include cryptocurrency constitutes encroachment on private rights
U.S. Labor Department Sued After Warning 401(k) Providers About Allowing Crypto Investments
2.6.2022
The U.S. Department of Labor (DOL) in March issued a controversial warning to 401(k) plan fiduciaries to “exercise extreme care” before considering adding cryptocurrencies to a retirement plan’s investment menu. Today, the agency is being sued for it
First Manga Worker Union Forms Amid Alleged Union Busting
31.5.2022
Last week, workers at Seven Seas Entertainment, a Los Angeles-based publishing company that sells licensed manga, webcomics, and light novels from Japan, formed the United Workers of Seven Seas union. The union claims Seven Seas employees and freelancers are being “overworked” and “underpaid.”...
Xbox Boss Says He Will Recognize Raven Software's Union After Acquisition Closes
26.5.2022
In today’s internal all-hands meeting with Xbox Game Studios employees, Head of Xbox Phil Spencer said that he would recognize Raven Software’s union. This came after the QA testers at Raven voted to form the first labor union at a major studio.Read more
Reggie Fils-Aime: Companies Need To ‘Embrace’ Unions If That’s What Employees Want
24.5.2022
In an interview yesterday, former Nintendo of America boss Reggie Fils-Aime was asked about his thoughts on unions, which currently barely exist in the video game industry. Fils-Aime’s answer was not a ringing endorsement of unions, with the former exec saying they aren’t good or bad, just...
Sony Is Being Sued For Gender Discrimination At PlayStation Again
23.5.2022
A former PlayStation employee is suing parent company Sony for a second time over what the lawsuit describes as “gender-based discrimination and gender-based harassment” after a similar legal action was dismissed in April. (h/t Axios)Read more
Gaming Gets Its First Union At A Major U.S. Studio
23.5.2022
Despite months of negative talking points by Call of Duty publisher Activision Blizzard, quality assurance staff at its Raven Software studio voted to unionize Monday, becoming the first union at a big studio in the U.S. The successful vote comes with talk of labor organizing picking up across...
Nintendo Still Silent On Workplace Allegations Despite Acknowledging Them Internally
12.5.2022
It’s been nearly a month since a former employee filed a National Labor Relations Board complaint against Nintendo alleging surveillance, coercion, and retaliation. Outside of an initial statement denying the company engaged in union-busting, the house of Mario has remained publicly silent in...
US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts
7.5.2022
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which...
Elizabeth Warren Echoes Labor Department Concerns About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans
5.5.2022
U.S. Sen. Elizabeth Warren has joined the Department of Labor in expressing concerns about Fidelity Investment's plans to offer bitcoin in its 401(k) retirement plans
Reggie Fils-Aimé Weighs In On Nintendo Worker Exploitation: ‘This Isn’t The Nintendo I Left’
4.5.2022
In light of recent reports by Kotaku and others about worker complaints at Nintendo of America, former president and gaming icon Reggie Fils-Aimé was asked about how the company treats its employees. “I know I was able to achieve [a healthy culture], and certainly what’s being described does...
Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official
30.4.2022
The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said it risks the retirement security of Americans, stressing that...