Category Archives: Employee Layoffs

Tech and media layoffs November update: Job cuts keep coming at ByteDance, Vice, Amazon, Faire

  By Michael Grothaus November 28, 2023 Update Tuesday, November 28: November has shaped up to be a particularly rough month for tech companies, as layoffs have continued through its final few days. On Monday, it was reported that TikTok parent company ByteDance will lay off hundreds of employees as it winds down its failed … Continue reading Tech and media layoffs November update: Job cuts keep coming at ByteDance, Vice, Amazon, Faire

TikTok owner ByteDance to lay off hundreds as it winds down its failed gaming division

  By Michael Grothaus November 27, 2023 Layoffs have hit the tech industry hard in 2023, and now another round is hitting even more employees. The latest company to lay off employees is ByteDance, owner of TikTok. The layoffs, which are expected to officially be announced today, will hit employees working for its Nuverse gaming … Continue reading TikTok owner ByteDance to lay off hundreds as it winds down its failed gaming division

Citigroup layoffs loom as the financial giant makes some of its most drastic changes in years

  By Christopher Zara November 20, 2023 Layoffs are underway this week at Citigroup as part of a companywide restructuring and simplification plan that was announced by CEO Jane Fraser in September. In a memo to employees on Monday, Fraser said the financial giant’s executive management team has been working with company leaders to implement … Continue reading Citigroup layoffs loom as the financial giant makes some of its most drastic changes in years

Internal memo says Sam Altman’s firing wasn’t due to ‘malfeasance’ or OpenAI safety practices

Internal memo says Sam Altman’s firing wasn’t due to ‘malfeasance’ or OpenAI safety practices The message to staff, sent by COO Brad Lightcap, was obtained by Axios and The New York Times. Cheyenne MacDonald   Sat, Nov 18, 2023 Carlos Barria / reuters An internal memo sent to OpenAI staff on Saturday after former CEO … Continue reading Internal memo says Sam Altman’s firing wasn’t due to ‘malfeasance’ or OpenAI safety practices

Bungie reportedly lays off staff, delays Marathon and Destiny 2: The Final Shape

Bungie reportedly lays off staff, delays Marathon and Destiny 2: The Final Shape It’s the latest in a brutal year for gaming and Big Tech layoffs. Will Shanklin   Updated Mon, Oct 30, 2023 Jordan Strauss/Invision for SCEA/AP Images Bungie has reportedly laid off an unknown number of staffers and delayed two highly anticipated games. … Continue reading Bungie reportedly lays off staff, delays Marathon and Destiny 2: The Final Shape

Bandcamp loses half its staff after being bought by Songtradr

Bandcamp loses half its staff after being bought by Songtradr Only 58 of Bandcamp’s employees received a contract offer to stay on. Mariella Moon   Updated Tue, Oct 17, 2023 Flashpop via Getty Images Half of Bandcamp’s employees have lost their jobs following the company’s acquisition by Songtradr, according to SFGate and Variety. Songtradr spokesperson … Continue reading Bandcamp loses half its staff after being bought by Songtradr

Immortals of Aveum developer Ascendant Studios lays off almost half its staff

‘Immortals of Aveum’ first look: A little more magic and this might be wonderful It’s a first-person shooter with no guns, built by an independent AAA studio. Jessica Conditt   EA When I saw the announcement trailer for Immortals of Aveum in the winter of 2022, I was surprised by my own interest in the … Continue reading Immortals of Aveum developer Ascendant Studios lays off almost half its staff