Thursday, 21 November 2024
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Tag: Layoffs

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.

ShopBack embarks on a strategic workforce reduction

ShopBack reduces its workforce by 24% in a strategic move to ensure sustainability, offering generous support to affected employees.

Inscribe.ai confronts challenging market with workforce reduction

Inscribe.ai, a leader in AI-based fraud detection, faces workforce reduction of nearly 40%, highlighting the volatile nature of the AI sector.

Sony announces significant workforce reductions in PlayStation division

Sony announces the layoff of 900 employees in its PlayStation division, reflecting broader industry challenges.

Apple discontinues its autonomous electric car initiative, leading to staff layoffs

Apple's long-standing project to develop an autonomous electric car comes to an unexpected end, leading to staff realignments and layoffs.