Nike to Lay Off 740 Employees in Beaverton as Part of Global Workforce Downsizing
Nike is set to lay off 740 employees in Beaverton as part of a 2% downsizing of its global workforce. The company’s decision comes after announcing plans to reduce about 1,600 employees worldwide due to underperformance. Despite the layoffs, Nike remains committed to pursuing growth opportunities in sports, health, and wellness sectors, aiming to position itself for future success by aligning its organization with strategic objectives.
Apple lays off over 600 workers in California
Apple is laying off over 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid tech industry consolidation. The layoffs come as Apple shifts resources towards artificial intelligence programs and cancels its multibillion-dollar plans to build an electric car. The job cuts at Apple and Amazon reflect the shifting priorities within the tech industry as companies adapt to new market conditions and realign their resources.
Nintendo of America Restructuring Testing Center in Washington State
Nintendo of America is undergoing a significant restructuring at its testing center in Washington state, resulting in a substantial downsizing of its contractor workforce. The changes come amidst industry-wide layoffs and the reported delay of the launch of a successor to the Nintendo Switch until 2025. The restructuring involves the conversion of some contractors to full-time employees, while others are facing layoffs. This move has been long-awaited by contractors who have been advocating for fair employment status. Nintendo has confirmed that the changes will lead to the creation of a significant number of new full-time positions, with impacted contractors receiving severance packages.
Certain Affinity Announces Layoffs Impacting 25 US-Based Staff Members
Certain Affinity, co-developer of popular games like Halo and Call of Duty, announces layoffs affecting 25 US-based staff members. CEO Max Hoberman attributes the decision to industry-wide funding slowdown and reluctance from third-party investors.
Respawn Entertainment Hit by Layoffs Amidst Gaming Industry Turmoil
Respawn Entertainment, the developer of Apex Legends, has reportedly been hit by layoffs, impacting several team members. Despite this, Apex Legends is expected to continue thriving, with EA committed to investing in the game’s development. These layoffs reflect a larger trend in the gaming industry, highlighting the need for resilience and adaptability in the face of ongoing changes.
Video Game Industry Layoffs Plague Developers and Publishers
The video game industry is facing a wave of layoffs, with major companies like Sony and EA making significant staff reductions. The industry has seen at least 8,100 job cuts in the first two months of 2024, and concerns about job security are widespread. Despite critical and commercial success, the future of the industry is uncertain.
Sony Announces Layoffs and Closure of London Division in Video-Game Division
Sony Group Corp. announces layoffs and closure of London division within its video-game division, affecting 900 employees worldwide. The decision is part of Sony’s restructuring efforts, impacting renowned game makers and reflecting broader challenges within the industry.
136 Jobs to Go at Cork-Based Games Developer
Tánaiste Micheál Martin has confirmed that 136 out of 198 employees at a Cork-based gaming company, recently acquired by Microsoft, are set to be made redundant. This news follows reports from last month that Microsoft is cutting 1,900 jobs in its gaming division, including within its Xbox team. Mick Barry, a People Before Profit-Solidarity TD, highlighted the issue in the Dáil, expressing concerns for over 100 workers at Activation Blizzard in Blackpool who are facing redundancy within the next couple of weeks.
Nike Announces Layoffs as Part of Restructuring Plan
Nike announces layoffs of 2% of its workforce, amounting to over 1,500 jobs, as part of a broader restructuring plan to optimize capital allocation and reignite growth. CEO John Donahoe emphasized the need for these changes amidst challenges the company is facing. The layoffs will be implemented in two phases, not impacting retail employees or warehouse workers. This decision comes amidst a cautious consumer spending environment and an anticipated slowdown in demand for core products. Nike aims to simplify its product assortment, enhance automation and technology utilization, and leverage its scale to drive greater efficiency as part of its cost-cutting strategy.
Instacart Announces Layoffs and Executive Departures Amid Restructuring Effort
Instacart announces plans to lay off 250 employees, about 7% of its workforce, as part of a restructuring effort. The company’s fourth-quarter earnings report closely matched revenue estimates, but three high-ranking executives are departing. Despite a surge in demand during the pandemic, achieving profitability has presented challenges due to substantial costs associated with contractor payouts.