Tag Archives: Hundreds

Tech layoffs: Amazon lays off hundreds from Twitch and Prime Video

  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

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

MediaMath Files For Bankruptcy, Owes Hundreds Of Millions To Ad-Tech Companies

MediaMath Files For Bankruptcy, Owes Hundreds Of Millions by Laurie Sullivan  @lauriesullivan, July 3, 2023 Demand-side platform MediaMath filed for Chapter 11 bankruptcy protection in Delaware district court on Friday. The company owes between $100 million and $500 million to between 200 and 999 companies, including Google, Magnite, OpenX, PubMatic, Xandr, among many others. Emails … Continue reading MediaMath Files For Bankruptcy, Owes Hundreds Of Millions To Ad-Tech Companies

eCommerce Merchants Could Save Hundreds of Billions Each Year by Eliminating False Positives

David DeCorte June 30, 2020 Criminal fraud is nothing new in the eCommerce space. The problem has been growing year-by-year for two decades, leading to a gradual increase in merchant costs. Data published by Aite Group suggests direct fraud losses will cost online merchants $ 6.7 billion in 2021. That doesn’t even account for the … Continue reading eCommerce Merchants Could Save Hundreds of Billions Each Year by Eliminating False Positives