Tag Archives: Layoffs

Nike on Thursday disclosed a new round of layoffs, this time impacting its corporate team. The move comes after president and chief executive officer Elliott Hill raised the possibility of layoffs in June during Nike’s earnings report for the fourth quarter of fiscal 2025. Nike told Footwear News that 1 percent of its corporate employees will be let go. An …

What began as a trickle has turned into an avalanche. Workers on Diablo are the latest arm of Blizzard to unionize, with Communications Workers of America (CWA) – which helped other Microsoft-owned studios unionize – saying that over 450 developers across multiple disciplines voted in favor of unionizing. It’s been a long time coming, though layoffs certainly sped up the …

WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed. Applications for unemployment benefits for the week ending Aug. 23 dropped 5,000 to 229,000, the Labor Department reported Thursday. Measures of the job market are being closely watched on Wall Street and by the Federal …

Best Buy’s summer so far was better than expected, but its profit was dinged partly because of costs from a restructuring the retailer started in the second quarter. The Richfield-based electronics retailer recorded $114 million in charges from the restructuring, including termination costs. It did not say how many employees were laid off. “The restructuring initiative is intended to redirect …

Bungie CEO Pete Parsons has stepped down from his position after over two decades at the studio. Parsons has been much-criticised by fans and employees alike in recent years, in particular following multiple rounds of layoffs at the studio. In a public statement, Parsons said he’s “decided to pass the torch” – an ironic use of words when Bungie has …

Jobless claims jump to 2-month high — but still no sign of rising U.S. layoffs  MarketWatch US applications for jobless benefits rise last week, but layoffs remain historically low  ABC News US weekly jobless claims rise to highest since June  Reuters U.S. Jobless Claims Rose Last Week  The Wall Street Journal Higher-Than-Expected Jobless Claims Weigh Down Treasury Yields  Barron’s Source link

Update: Microsoft has responded to Game Developer’s request for comment by restating plans to undertake a formal review into a report published by The Guardian that asserts Azure technology is currently being used by Israeli Defense Forces (IDF) to surveil civilians in Gaza and the West Bank en masse. “The Guardian, on that date, reported that multiple individuals have asserted that the …

The Denver City Council will postpone a mountain retreat planned for next week after drawing scrutiny for its nearly $27,000 cost in the wake of large-scale layoffs of city workers. Council President Amanda Sandoval announced the decision in a statement Wednesday afternoon but didn’t specify whether dollars already spent would be transferred to a future date or if the costs …

AT&T CEO John Stankey made waves this month when he told employees in a memo that the company is shifting to a “market-based culture” that requires employees work closer together. Since then, Business Insider has learned that AT&T is consolidating 22 internal help-desk centers into six locations — and affected managers get two weeks to decide whether to move or …

2K Games is laying off an unknown number of individuals at BioShock studio Cloud Chamber, as it undergoes efforts to “rework” its upcoming new BioShock game. It’s also installing former Gears of War head and Diablo franchise lead Rod Fergusson as head of BioShock and Cloud Chamber at 2K. Fergusson departed Blizzard earlier this month with no word on why …