By Associated Press and Bobbie Gossage January 10, 2024 Twitch, the video game streaming platform acquired by Amazon a decade ago for close to $1 billion, is laying off more than 500 employees as the company tries to turn the tremendously expensive division profitable. Twitch CEO Dan Clancy in an email to employees said that even … Continue reading Tech layoffs: Amazon lays off hundreds from Twitch and Prime Video
By Elizabeth Segran January 10, 2024 Rent the Runway, the 14-year-old fashion rental company, is restructuring, cutting 10% of its corporate jobs, which is equivalent to 37 employees. And its chief operating officer and president, Anushka Salinas, will leave at the end of the month, after 11 years at the company. Jennifer Hyman, Rent … Continue reading Rent the Runway CEO on laying off 10% of the company: ‘This is a realignment around growth’
Twitch is laying off 35 percent of its workforce The Amazon division remains unprofitable due to high costs. Steve Dent Updated Wed, Jan 10, 2024, ASSOCIATED PRESS Amazon-owned Twitch is preparing to lay off 35 percent of its employees or a little over 500 people. The news was first reported by Bloomberg on Tuesday … Continue reading Twitch is laying off 35 percent of its workforce
By Michael Grothaus January 09, 2024 Unity Software, maker of the popular cross-platform game engine used by developers across the globe, has announced the first major tech layoffs of the new year. In a filing with the Securities and Exchange Commission (SEC) dated January 8, 2024, Unity Software said it will cut “approximately 1,800 … Continue reading 2024 tech layoffs have already started: Unity Software to cut nearly 25% of workforce
Unity is cutting a quarter of its workforce It will layoff 1,800 people, on top of the more than 1,100 laid off over the past two years. Steve Dent Tue, Jan 9, 2024 SOPA Images via Getty Images Gaming software developer Unity plans to lay off 1,800 employees or about a quarter of its … Continue reading Unity is cutting a quarter of its workforce
Duolingo lays off contractors as it starts relying more on AI It has cut 10 percent of its contractors, according to Bloomberg. Mariella Moon Tue, Jan 9, 2024 SOPA Images via Getty Images Duolingo has cut 10 percent of its contractors as it’s begun using AI tools to handle the tasks they used to … Continue reading Duolingo lays off contractors as it starts relying more on AI
Etsy cuts 11% of staff and stock price tumbles Deanna Ritchie / Last Updated: Dec 13, 2023 The height of the holiday season is upon us, and Etsy is cutting 11% of its staff, looking to restructure the business and cut costs. Josh Silverman, Etsy CEO, said, “We must streamline costs against a “very … Continue reading Etsy cuts 11% of staff and stock price tumbles
Spotify is laying off 1,500 employees, who will be notified later today This is Spotify’s third round of layoffs this year, and will account for 17% of the company’s staff. Steve Dent Updated Mon, Dec 4, 2023 VIEW press via Getty Images Spotify is cutting jobs for the third time this year. In a … Continue reading Spotify laying off 17 percent of employees across the company
By Sarah Bregel December 01, 2023 November has come to a close, but unfortunately, the monthslong series of layoffs at notable companies does not appear to be ending. According to the tracking site, Layoffs.fyi: Job losses, mainly in media and tech, seem to be continuing through the end of 2023. At the time of … Continue reading Tech and media layoffs December update: Job cuts not slowing as 2023 draws to an end
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
