Wednesday, February 12

Tag: layoffs

Workday lays off 1,750 employees, or about 8.5% of its workforce
General

Workday lays off 1,750 employees, or about 8.5% of its workforce

Workday is cutting about 1,750 jobs, or 8.5% of its workforceByWYATTE GRANTHAM-PHILIPS AP business writerFebruary 5, 2025, 11:41 AMNEW YORK -- Workday is cutting about 1,750 jobs, or 8.5% of its workforce.In a Wednesday memo to employees, published in a securities filing, Workday CEO Carl Eschenbach said the layoffs were necessary for ongoing growth efforts at the company — including a particular focus on artificial intelligence investments.“As we start our new fiscal year, we’re at a pivotal moment,” Eschenbach wrote. “Companies everywhere are reimagining how work gets done, and the increasing demand for AI has the potential to drive a new era of growth for Workday.”Workday aims to notify the majority of employees affected by the cuts on Wednesday. “I realize this is tough news, and it af...
Sonos Cuts About 200 Jobs to Help Restructure the Company
Entertainment

Sonos Cuts About 200 Jobs to Help Restructure the Company

Interim CEO Tom Conrad said the company had "become mired in too many layers" to collaborate effectively and make decisions.  SONOS Christoph Dernbach/picture alliance via Getty Images Sonos, the audio technology company known for its elegant, compact speakers, has laid off approximately 200 people, the company announced on Wednesday (Feb. 5). The restructuring follows the layoffs of 100 employees — about 6% of Sonos’ workforce at the time — in August 2024 after a disastrous rollout of a new smartphone app forced the company to lower sales projections and delay product launches. In the wake of the problems, CEO Patrick Spence resigned in January and was replaced by inter...
Dark Horse Comics Confirms Layoffs
Entertainment

Dark Horse Comics Confirms Layoffs

posted on 2025-02-06 10:15 EST by Rafael Antonio Pineda Layoffs follow split of parent Embracer Group into 3 companies in April 2024 © Dark Horse Comics LLCDark Horse Comics announced on Tuesday through a statement given to The Beat website that it has begun laying off staff positions as of Monday earlier this week, but did not comment on how many positions or who it has laid off. Dark Horse stated that it is responding to "increasing overhead, changing market conditions, and external economic factors."Dark Horse made the statement after Konner Knudsen, one of its associate editors, announced on their Bluesky account that they were laid off. Dark Horse is part of the split by conglomerate Embracer Group in April last year into thre...
Dragon Age: The Veilguard Dev BioWare Reportedly Down to Fewer Than 100 Employees Following Layoffs and Staff Exits
Entertainment

Dragon Age: The Veilguard Dev BioWare Reportedly Down to Fewer Than 100 Employees Following Layoffs and Staff Exits

From fantasy role-playing to Skate.BioWare is reportedly now down to fewer than 100 employees after a round of layoffs and staff exits following the release of Dragon Age: The Veilguard and a restructure to focus on the next Mass Effect game.Bloomberg reported that BioWare was more than 200 people two years ago, when Dragon Age: The Veilguard was in the thick of its production.Last week, EA restructured BioWare to focus on Mass Effect 5 only, meaning some who worked on Dragon Age: The Veilguard were moved to projects at other EA studios. Game Developer reported that John Epler, Veilguard's creative director, was sent to work on Full Circle's upcoming skateboarding game Skate. Dragon Age: The Veilguard senior writer Sheryl Chee, meanwhile, was moved from BioWare to work on Iron Man at Motiv...
Please, call a task cut a task cut
Entertainment

Please, call a task cut a task cut

Reimagine harder, BioWare Image credit: Rock Paper Shotgun/Electronic Arts Bioware launched a declaration the other day. It broached "turning towards the future". It imagined "a more nimble, focused studio". No place in the post did the word "layoffs" appear. This is what the post was really about. The closest it got to dealing with the truths of what occurred to an undefined variety of employees is the expression: "we do not need assistance from the complete studio." It's one of the most disingenuous statements of task cuts in a current and numerous history of task cuts. A strangely excellent accomplishment from BioWare, thinking about the last 2 or 3 years have actually seen some incredible spoken gymna...
Personnel require to LinkedIn to expose “mass layoffs” at Moon Active
Entertainment

Personnel require to LinkedIn to expose “mass layoffs” at Moon Active

Redundancies mainly impact Lithuanian workplace, although personnel from Poland, Armenia, Ukraine, Türkiye, and Israel likewise affected Image credit: Moon Active Games Moon Active has supposedly release a minimum of 20 workers, mainly from its Lithuanian workplace, although personnel from Poland, Armenia, Ukraine, Türkiye, and Israel have actually likewise been affected. The Lithuanian group had actually as soon as worked for Melsoft before Moon got it in 2020. Whilst the business has yet to officially verify the layoffs, App2Top reports lots of previous personnel "all at once" revealed they were searching for deal with LinkedIn, and a Glassdoor whistleblower exposed "it was good to work there for 5 years...
Legoland Florida prepares to layoff 234 employees who are mainly entertainers
General

Legoland Florida prepares to layoff 234 employees who are mainly entertainers

Legoland Florida prepares to lay off 234 employees, mostly entertainers, in an effort to be more competitive in main Florida's flourishing amusement park marketByThe Associated PressJanuary 29, 2025, 12:21 PMWINTER SEASON HAVEN, Fla.-- WINTER HAVEN, Fla. (AP)-- Legoland Florida prepares to lay off 234 employees, mainly entertainers, in an effort to be more competitive in main Florida's successful amusement park market, business authorities stated.The amusement park resort in Winter Haven, Florida, stated in a notification to the state of Florida last Friday that the irreversible layoffs would begin at the end of March and last through the start of April.3 quarters of the employees pointed out for layoffs were entertainers, and another fifth likewise was associated with the home entertainme...
Citigroup Eliminated More Jobs This Week. Here’s Which Roles Were Affected.
Business

Citigroup Eliminated More Jobs This Week. Here’s Which Roles Were Affected.

Citigroup is cutting particular functions as part of a more comprehensive business restructuring to remove 10s of countless tasks by 2026.According to a brand-new report from BloombergCitigroup laid off numerous handling directors in its Wealth at Work system today, which uses services to customers at expert services companies.The bank likewise released a group that concentrates on acquiring information and analyses for its customers.Related: Citigroup Slashes 20,000 Jobs: Restructuring or Retreat?Citigroup's layoffs show up as the bank attempts to minimize costs. Citigroup's CEO Jane Fraser mentioned in January 2024 that the bank prepares to remove 20,000 tasks by 2026 to conserve $2.5 billion.Jane Fraser. Image by Win McNamee/Getty ImagesThe bank ended 2023 with a labor force of 240,000 ...
Sony validates cancellation of live service jobs from Bend Studio and Bluepoint Games
Entertainment

Sony validates cancellation of live service jobs from Bend Studio and Bluepoint Games

Neither studio will be shuttered, however it's uncertain if choice will lead to layoffs Sony has actually verified the cancellation of 2 unannounced live service titles from Bend Studio and Bluepoint Games. As reported by Bloomberg, a representative stated the jobs were closed down "following a current evaluation." It repeated that PlayStation is devoted to making online and single-player video games. "Bend and Bluepoint are extremely achieved groups who are valued members of the PlayStation Studios household, and we are working carefully with each studio to identify what are the next jobs," the representative stated. Neither studio will be closed down, however it's uncertain how this choice will affect workers and whether layoffs will t...