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Tag: Layoff

Mark Cuban offers to fund government tech unit after overnight layoffs

Mark Cuban offers to fund laid-off government tech workers after sudden 18F unit cuts, suggesting they start a consulting firm.

HP acquires Humane for US$116 million, sparking job offers and layoffs

HP acquired an AI startup called Humane for US$116M, offering big pay raises to some employees while suddenly laying off others in a company shake-up.

Canoo files for bankruptcy, ending seven years of EV innovation

Canoo, a seven-year-old EV startup, filed for bankruptcy and ceased operations after failing to secure funding.

Meta disbands diversity team amid shifting legal and policy climate

Meta disbands its diversity programs, citing legal and policy challenges, sparking debates about its commitment to inclusion and equity.

Lilium halts operations and lays off 1,000 workers after funding struggles

Lilium, a flying taxi company, lays off 1,000 workers and halts operations after struggling to secure VTOL air taxi technology funding.

Forbes ends freelance writing for reviews, citing Google policies

Forbes halts freelance product reviews, citing Google's site reputation abuse policy. The move highlights challenges in meeting search guidelines.

Ubisoft’s XDefiant shutting down with refunds offered to players

Ubisoft is shutting down XDefiant, ending support by June 2025, offering refunds, and announcing job losses in its San Francisco, Osaka, and Sydney studios.

23andMe to lay off 40% of workforce amid cost-cutting drive

23andMe cuts 40% of its workforce, saving US$35M, to refocus on core services after a tough year with layoffs and a data breach.

Take-Two Interactive sells Private Division to focus on core and mobile games

Take-Two Interactive sells the indie label Private Division to refocus on core and mobile games; the buyer remains undisclosed but has gained major titles.

Layoffs reshape Asia’s business landscape: From tech giants to e-commerce leaders

Mass layoffs in Asia's tech, e-commerce, fashion, and sports sectors raise questions about how businesses can balance profitability, operational efficiency, and employee welfare.

Meta begins another round of layoffs across key departments

Meta begins targeted layoffs across WhatsApp, Instagram, and Reality Labs as part of ongoing team reorganisations to align with strategic goals.

TikTok shifts to AI moderation, laying off hundreds, while Instagram blames human error for recent mishaps

TikTok lays off 500 human moderators to favour AI, while Instagram deals with moderation errors, blaming a mix of human mistakes and broken tools.