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Apparently having suffered a mediocre launch with The Secret World and a severe dip in its stock value, Funcom has announced temporary layoffs to its staff. The layoffs are part of a company-wide cost-cutting strategy in response to TSW's failure to hit expected sales scenarios, which Funcom pred...

2 years ago 0 Comments
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The Waterloo Record is reporting that RIM is laying off a portion of its workforce as part of its cost-cutting review process. It's believed that between 2,000 and 6,000 employees could be let go as the troubled company attempts to save $1 billion by the end of the fiscal year. Company watcher Mar...

2 years ago 0 Comments
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In the hustle and bustle of E3 week, on the very day THQ announced it would transition over the UFC license to Electronic Arts for an 'undisclosed cash payment," the publisher decided to close its San Diego studio. "THQ confirms that today's announcement regarding the UFC license transition will a...

2 years ago 0 Comments
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If anyone knows just how brutal and unforgiving the MMO industry can be, it is certainly the folks at BioWare. Last week delivered a one-two punch to the studio, as the team had to contend with layoffs while breaking the news of server merges to the playerbase. Star Wars: The Old Republic Associa...

2 years ago 0 Comments
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If last week's Project Copernicus flythrough had been a hopeful note, the latest news out of 38 Studios is another downturn. Following a meeting today, the Rhode Island EDC board decided to take no action to help the ailing company at this time. Governor Lincoln Chafee said following the meeting ...

2 years ago 0 Comments
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Blizzard Entertainment, creator of the perennially popular World of Warcraft, announced today that it would be laying off 600 of its employees worldwide. While Blizzard takes care to note that WoW's development won't be impacted by the layoffs, we find it a bit difficult to take solace in that ...

3 years ago 0 Comments
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In news that should come as little surprise to anyone who's followed the decline of the ill-fated brand, HP is reportedly laying off 275 webOS employees as it transitions the division from producing hardware to open source software. The cuts have apparently been in the works since the company annou...

3 years ago 0 Comments
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Yet another bit of bad news to add to the pile for LightSquared -- the company announced this week that it will be cutting back on its employment numbers by 45 percent. The cost cutting move comes a day after word got out that it had defaulted on a hefty $56.25 million payment. According to report...

3 years ago 0 Comments
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No matter how you slice it, 17,000 is a big number, especially when its seventeen thousand humans looking for jobs. The layoffs represent a four-percent reduction of Panasonic's 380,000 global workforce due to restructuring efforts, according to Nikkei. They are expected to begin this year and will ...

3 years ago 0 Comments
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Over 1,000 disgruntled Nokistas walked off the job last week and, while presumably all of them showed up punctually on Monday morning, it remains to be seen how many will get proverbial pink slips as Elop starts making cuts. When that time comes Skype is happy to say that they'd like to hire as many...

4 years ago 0 Comments