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Tag: Layoff

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.

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.

Dyson announces surprise layoffs in Singapore, leaving employees concerned about the future

Dyson surprises employees in Singapore with layoffs, leaving many uncertain about their future and causing low morale in the office.

Zoom scales back on stock-based compensation amid investor concerns

Zoom reduces stock-based compensation to address growing concerns over dilution as stock prices fall and economic challenges persist post-pandemic.

The Nova Launcher team faces layoffs, leaving just one developer in charge

Nova Launcher faces major layoffs, leaving only its founder to continue development, with plans to scale back upcoming updates.