Video Games Industry Facing Up to Two Years of Turmoil and Instability, Industry Leaders Predict
The video games industry is facing significant challenges, with industry leaders predicting up to two years of turmoil, restructures, layoffs, and closures. The current situation is attributed to continued high interest rates, oversaturated video game stores, and cautious investors, according…
Microsoft Announces Layoff of 1,900 Employees from Activision Blizzard and Xbox Divisions
Microsoft has announced a significant layoff of 1,900 employees from its Activision Blizzard and Xbox divisions. The layoffs primarily affect roles at Activision Blizzard, with some employees from Xbox and ZeniMax also being impacted. The cuts represent approximately 8 percent…
EBAY CEO Announces Significant Workforce Changes
EBAY CEO, Jamie Iannone, has announced significant changes to the company’s workforce in an effort to ensure long-term, sustainable growth. In a note to eBay’s internal workforce, Iannone outlined the need for organizational changes to better position the company for…
Changes at Riot and the Road Ahead
Changes at Riot and the Road Ahead Jan 22, 2024 Players, Minutes ago, we shared with Rioters that we are refocusing on fewer, high-impact projects to move us toward a more sustainable future. Now, we want to tell you what…
Alec Baldwin charged with involuntary manslaughter in ‘Rust’ shooting incident, Los Angeles Times newsroom guild leaders call for walkout
Alec Baldwin has been charged once again with involuntary manslaughter in connection to the ‘Rust’ shooting incident. This development comes as the Los Angeles Times newsroom guild leaders have called for a one-day walkout to protest the planned staff cuts…
Sports Illustrated Faces Major Upheaval as Publisher Loses Rights
Sports Illustrated, a long-standing sports magazine, is facing a major upheaval as its publisher, Arena Group, has lost the rights to continue publishing the iconic publication. The owner, Authentic Brands Group (ABG), has revoked the license from Arena Group due…
Wayfair Announces Significant Layoff of 1,650 Employees
Wayfair, the online home goods retailer, has announced a significant layoff, affecting 13% of its global workforce, totaling 1,650 employees. The decision comes as a result of the company’s struggle to recover from its initial success during the pandemic lockdowns….
Macy’s Announces Job Cuts and Store Closures as Part of Strategic Transformation
Macy’s, one of the most iconic department stores in the United States, has announced significant changes as it grapples with the challenges of a rapidly evolving retail landscape. The company revealed plans to cut more than 2,300 jobs, which accounts…
Amazon Employees Express Concerns Over Alleged ‘Quiet Firing’ Tactics
Amazon employees are expressing concerns over the company’s alleged use of ‘quiet firing’ tactics and a potential ‘brain drain.’ The tactics involve pressuring managers to give low performance reviews and implementing stricter return-to-office policies, ultimately leading employees to quit without…
Newbold Services LLC Announces Layoffs of Nearly 300 Workers in Pennsylvania
A recent announcement by South Carolina-based Newbold Services LLC has raised concerns as the company revealed plans to lay off nearly 300 workers, including janitorial staff providing services to Amazon warehouses in the Lehigh Valley area. The Worker Adjustment and…