layoffs
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Peloton’s pandemic-era fairy tale is officially over
Peloton is struggling, as it is laying off 15 percent of its workforce. The CEO is also stepping down.
Getir is getting out of everywhere but Turkey
Getir is getting out of most markets. On Monday, the “instant delivery” startup said it would exit the US, UK, Germany and the Netherlands to serve its Turkish home market exclusively.
Tesla is reportedly laying off more than 10 percent of its workforce
According to an internal memo seen by Reuters, Tesla is about to lay off more than 10 percent of its workforce.
Best Buy’s Geek Squad agents say they were hit by mass layoffs this week
Former Geek Squad workers who lost their jobs this week told 404 Media that Best Buy is conducting mass layoffs, though no numbers have yet been confirmed. Many have posted on Reddit to say they're "going sleeper."
Apple cuts over 700 jobs following its car and display project closures
Most of the people who were laid off worked at Apple's offices in Santa Clara.
EA is laying off over 650 employees
EA’s cuts are the latest in a long line of layoffs that have rocked the video game industry since last year.
PlayStation is laying off 900 staff across Naughty Dog, Insomniac and other studios
PlayStation has announced plans to lay off 900 employees from its global workforce. It's shutting down its London Studio, while major developers such as Insomniac, Naughty Dog and Guerrilla will lose some staff.
Until Dawn and The Quarry developer Supermassive is reportedly laying off around 90 workers
Until Dawn and The Quarry studio is reorganizing and will layoff around 90 workers, according to Bloomberg. Meanwhile, indie studio Die Gute Fabrik has paused production amid funding difficulties.
Rivian is laying off 10 percent of its salaried employees
The Amazon-backed company reported that it lost $1.5 billion in the fourth quarter of 2023 and said that it expects to build 57,000 electric vehicles in 2024, the same number it built last year.
Instacart cuts 250 jobs after reporting increased revenue
Instacart announced improved yer-over-year fourth quarter earnings and about 250 layoffs across the company.
Mozilla is laying off around 60 workers
Mozilla is the latest notable tech company to lay off staff. It's letting go around 60 workers and prioritizing projects such as Firefox and AI recommendations.
Paramount Global lays off a reported 800 employees
Paramount Global said Tuesday it’s laying off some of its “very valued colleagues,” including on its Paramount+ team. The cuts will reportedly affect about 800 employees, an estimated three percent of the media giant’s workforce.
Microsoft’s gaming layoffs include 86 jobs at Skylanders studio Toys for Bob
Microsoft’s post-acquisition layoffs at Activision Blizzard have already caught the FTC’s eye. Now we know more about which subsidiary studios will take the hit.
NASA's Jet Propulsion Laboratory is laying off 570 workers
NASA's Jet Propulsion Laboratory is laying off around 570 workers as it expects to be allocated a smaller budget than hoped for. For instance, JPL is expected to receive around a third of the funding it wanted for the Mars Sample Return mission this year.
Layoffs are sucking the joy out of video games | This week's gaming news
This week's headlines, now in video form!
Snap is laying off 10 percent of its workforce
Snap, the parent company of Snapchat, is set to lay off 10 percent of its workforce. This amounts to around 540 employees.
Sega of America plans to lay off 61 workers
Sega of America plans to lay off 61 employees in March, according to a California WARN Act report. The government notice lists two separate job cuts classified as “layoff permanent” on March 8.
PayPal is laying off 2,500 employees
The cuts will allow PayPal to “move with the speed needed to deliver for our customers and drive profitable growth,” CEO Alex Chriss said in the letter sent to employees.
Microsoft slashes 1,900 jobs across Xbox and Activision Blizzard
Microsoft is the latest company to announce a major round of layoffs in its gaming division. It's cutting around 1,900 workers from its Xbox, Activision Blizzard and ZeniMax (aka Bethesda) teams.
eBay is laying off 9 percent of its workforce
eBay is reducing its workforce by around 1,000 roles, or roughly 9 percent of its full-time employees.