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Electronic Arts announced Wednesday that it will cut 5% of its workforce, part of a plan that includes reducing office space and ending work on some video games, CNBC reported. EA employed 13,400 workers as of the end of March 2023, according to its most recent annual filing with the U.S Securities and Exchange Commission in May. That means the
The S&P 500 is trading at a record and the Nasdaq is at its highest in two years, CNBC reported. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past $3 trillion in market cap.
Microsoft is laying off 1,900 employees at Activision Blizzard and Xbox this week, The Verge reported. While Microsoft is primarily laying off roles at Activision Blizzard, some Xbox and ZeniMax employees will also be impacted by the cuts. The cuts work out to roughly 8 percent of the overall Microsoft Gaming division that stands at around 22,000 employees in total.
Yuga Labs, the $4 billion startup behind the Bored Apes Yacht Club and other prominent NFT projects, announced Friday that it has restructured the company and eliminated certain roles as a result, leading to layoffs, Decrypt reported. In a team email that was also shared publicly, Yuga Labs CEO Daniel Alegre wrote that he believed the startup had taken on
Google is laying off hundreds of people across its global recruiting team as hiring at the tech giant continues to slow. The company declined to cite what percentage of its recruiting workforce was impacted, but said that it plans to retain a significant majority, Semafor reported. “The volume of requests for our recruiters has gone down,” Google spokesperson Courtenay Mencini
Meta Platforms Inc. (parent company of Facebook) is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic, The Wall Street Journal reported. According to The Wall Street Journal, the layoffs are expected