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Intel to Lay Off 10,000 Employees Worldwide
Intel plans to lay off 10,000 employees worldwide to save approximately $10 billion by 2025. This decision comes as Intel faces increasing competition from AMD and NVIDIA and aims to streamline its operations. Reason Behind the Layoffs The layoffs are driven by several factors, including malfunctions and performance issues with…
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Galvanic Games Shuts Down Due to Low Sales
Galvanic Games, the developer behind Wizard With a Gun, is closing its doors. Despite a promising start, the game’s sales were not enough to sustain the studio. Founder Patrick Morgan announced the closure, stating that they had run out of time to secure funding for new projects. Financial Challenges A…
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Sumo Group to Cut Workforce by 15%
Sumo Group has announced plans to reduce its workforce by up to 15%, impacting nearly 250 employees. This decision comes as the company faces industry challenges and aims to reshape its operations to better navigate future obstacles. Restructuring for Future Challenges Sumo Group, known for its work-for-hire and co-development services…
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Avalanche Studios Announces Layoffs and Studio Closures
Avalanche Studios Group, known for its popular Just Cause series, is undergoing significant restructuring. The company will lay off 50 employees and close its US and Canadian studios. This move will reduce Avalanche’s total workforce by about nine percent. Studios Shutting Down The closures will affect Avalanche’s studios in New…
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Singularity 6 Lays Off 36 Employees
Singularity 6, the studio behind the cozy MMO Palia, has laid off 36 employees. This decision comes as the company navigates a challenging economic period. The layoffs represent about 40% of the studio’s workforce and follow a previous round of layoffs in April. Reasons Behind the Layoffs The studio told…
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Square Enix Announces Layoffs in US and Europe
In a significant move reflecting ongoing changes in the gaming industry, Square Enix is laying off employees in both the United States and Europe. The decision comes as part of a broader restructuring effort aimed at optimizing operational efficiency across its Western operations. Impact of Layoffs The layoffs are expected…
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Xbox Reportedly Set for More Job Cuts as Focus Shifts to Major Titles
Recent reports reveal that Xbox is poised for further reductions, following substantial layoffs and studio closures. Notably impacted are Arkane Austin and Tango Gameworks, both actively developing new titles before their untimely shutdowns. Microsoft’s Cost-Cutting Strategy Microsoft is trimming down its operations, influenced by a need to streamline management and…
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Take-Two Interactive Announces Significant Layoffs
Take-Two Interactive, the powerhouse behind the upcoming GTA 6, is cutting deeply into its workforce and canceling several projects. The company confirmed it is letting go of approximately 600 employees, which constitutes about 5% of its total workforce. This move is part of a broader initiative to streamline operations and…
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Gaming Industry Layoffs Criticized by Baldur’s Gate 3 Dev
Recent layoffs in the gaming industry, including those affecting the team behind Baldur’s Gate 3, have drawn sharp criticism. Larian Studios’ publishing director, Michael Douse, has voiced strong opinions against this trend, labeling it as unnecessary and detrimental. Douse points out that layoffs are being used as a tool to…
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Toshiba Doubles Layoffs to Over 14000 Positions
The past few years haven’t been good for Japanese conglomerates and the it appears things are getting even worse at Toshiba. After a massive accounting scandal popped up last year, the Japanese firm ended up losing a massive $4.5 billion USD for the 2015 fiscal year. That led to planned…
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AMD Announces Restructuring Plan to Cut 5% of Workforce
When the Silver Lake investment talks broke down, AMD spoke of exploring other strategic options. Today, we’re finding out that one of these options being adopted is a new restructuring plan. In an effort to cut costs and realign resources, AMD will be cutting 5% of their global workforce among other…
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Angry Birds Developer Rovio Lays off 110 Employees
It’s no surprise that the company that found luck with the insane success of Angry Birds has started to lay off employees. Despite being the most downloaded mobile game of all time, Angry Birds is a simple game, with a simple concept, a game that arguably got in early and captured the…
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Disney Shuts Down Lucasarts, Cancelling Star Wars 1313 And First Assault
The staff of LucasArts received a notification that Disney is shutting down the developer. As of now, 150 people are laid off, specifically those were working on an existing projects called Star Wars 1313 and Star Wars: First Assault, therefore most likely cancelling the game. The name “LucasArts” will still…
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