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Epic Games' Messy Bandcamp Sale Ends With Mass Layoffs
16.10.2023
“Music is healing,” the late musician Prince once said. Bandcamp co-founder Ethan Diamond told NPR in 2020 that the point of the independent digital music platform he was building was to bring that power of healing to everyone. Many current Bandcamp employees are going to need it. Epic Games, which...
Chainalysis axes another 15% of staff citing difficult market conditions
3.10.2023
The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper
Epic Games Cutting 870 Jobs, 16 Percent Of Its Workforce
28.9.2023
Epic Games Inc., the company behind global megahit Fortnite, the Epic Games Store, and the wildly popular Unreal Engine, is laying off 16 percent of its current workforce. This report, first coming from Bloomberg’s Jason Schreier, sees almost 900 employees losing their jobs.Read more
Binance.US cuts third of staff as CEO Brian Shroder leaves: Report
13.9.2023
The staff cut and departure comes amid legal action from United States regulators
The Next Big Wave Of Video Game Layoffs Is Here [Update]
24.8.2023
Despite a booming job market overall, 2023 kicked off with the biggest tech companies laying off thousands of employees. Cuts at Microsoft hit Halo Infinite devs at 343 Industries and other game teams across the company, including at Bethesda. Months later, layoffs are continuing across other...
NBA Top Shot Developer Dapper Labs Continues Layoff Trend with New Round of Job Cuts
14.7.2023
Dapper Labs, the non-fungible token (NFT) collectibles company behind NBA Top Shot, recently bid farewell to an additional 51 employees, following a previous staff reduction of 20% in February earlier this year.
In an announcement by Roham Gharegozlou on July 13, the company's CEO revealed that...
Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump
13.7.2023
NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February
Robinhood to axe 7% of full-time staff in latest round of layoffs: Report
27.6.2023
Roughly 150 full-time employees are being laid off, according to internal company messages
Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees
9.6.2023
African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees have said the startup’s ballooning marketing...
Studio Denies Laying Off Artists For AI After Fans Spot Character With Six Fingers
31.5.2023
Rayark, the developers of the excellent Cytus rhythm action games (which we’ve covered previously), have this week faced allegations that some of the company’s artists had been laid off and replaced with, you guessed it, machine-generated imagery.Read more
Disney reportedly scraps its metaverse division
28.3.2023
The metaverse division was originally put together to work on new ways to engage Disney’s audience
Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO
23.2.2023
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire...
USDC issuer Circle to increase staff by up to 25% amid layoff season
23.2.2023
The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger
Chinese Tech Giant Tencent Announces 'Personnel Reshuffle' at Metaverse Unit, Dismisses Layoff Rumors – What's Going On?
17.2.2023
The dawn of 2023 has seen crypto assets break free of suppresive year-long price action. But with many in tech betting big on the Metaverse at the start of 2022, things are getting ugly.
In an exclusive report from Chinese news outlet 36 Krypton. It has been revealed that the world's largest video...
Magic Eden Lays Off 22 Staff as Part of Company-Wide Restructuring
14.2.2023
Microsoft Reportedly Shutting Down Industrial Metaverse Focused Group
13.2.2023
Software giant Microsoft is shutting down one of its most significant groups dedicated to the development and promotion of the industrial metaverse. According to reports, the company terminated its whole Industrial Metaverse Core group, which was composed of 100 employees, as part of...
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
4.2.2023
Crypto execs suggested that the "extremely challenging" times forced them to cut jobs in order to “weather this extended" crypto winter
Washington Post Shutting Down Gaming Section Amid Wider Layoffs
24.1.2023
The Washington Post imposed more layoffs on Tuesday just a week after owner Jeff Bezos visited its Washington D.C. office. Among the ritual sacrifices will be Launcher, the newspaper’s burgeoning gaming section, which routinely broke important news stories, landed big interviews, and asked...
ConsenSys slashes headcount 11% as chief economist reveals formula for adoption
19.1.2023
ConsenSys CEO Joseph Lubin confirmed the company would be cutting 96 of its staff to focus its resources on its core businesses
Microsoft Slashes 10K Jobs, Including At Xbox And Halo Studios
18.1.2023
Following rumors earlier this week from Sky News, tech giant Microsoft has announced a slew of layoffs affecting 10,000 workers, some within its game studios, blaming slowing e-commerce sales and a potential economic recession. Kotaku has confirmed that a number of developers at 343 Industries,...