Tag Archives: Layoffs

Raven Software in Middleton has been caught up in the latest mass layoffs to hit the video game industry, after Microsoft let go of hundreds of employees in its gaming division in early July. Microsoft laid off over 9,000 employees companywide July 2. A leaked email from Microsoft Gaming CEO Phil Spencer — provided to Windows Central — confirmed hundreds …

Co-development services specialist Virtuos has confirmed rumours that it’s making hundreds of layoffs across its workforce, with around 200 roles in Asia and 70 in Europe affected. This amounts to approximately 7% of its global headcount. In a statement, the company said it’s “evolving to meet the needs of [its] partners and the industry”, saying it’s “realigning [its] global footprint …

Sarepta Stock Soars. Why Layoffs and a ‘Black-Box’ Warning Are Good News.  Barron’s Sarepta Therapeutics lays off one-third of workforce in drastic cost-cutting  The Boston Globe Sarepta Soars as Gene Therapy Stays on Market With Warning  Bloomberg Sarepta to lay off about 500 employees after Duchenne gene therapy setbacks  BioPharma Dive Sarepta pivots to siRNA and lays off 500 staffers as Elevidys gets box …

Virtuos – the studio behind this year’s successful The Elder Scrolls 4: Oblivion Remastered and whose staff have also worked on the recently announced Cyberpunk 2077 update as well as serving as a support studio for the anticipated Metal Gear Solid Delta: Snake Eater – has reportedly been impacted by layoffs. According to a post on BlueSky by Gauthier Andres, …

Scale AI just laid off approximately 200 full-time employees (14% of its 1,400-person workforce) and 500 contractors, according to the company. This comes after Meta invested $14 billion into Scale AI last month as part of a blockbuster AI deal that included the hiring of Scale’s ex-CEO, Alexandr Wang, to lead its new Superintelligence group and the purchase of equity in almost …

Just under two weeks ago, Microsoft announced it was laying off 9,000 employees across its workforce and revealed it had cancelled ZeniMax Online Studios’ new MMORPG codenamed Blackbird (along with Rare’s Everwild and the Perfect Dark reboot, with the latter’s development studio The Initiative shuttered). Now, a report suggests ZeniMax devs who worked on the game will soon be affected …

State Dept. Layoffs Hit Russia and Ukraine Analysts  The New York Times State Dept layoffs necessary for ‘higher quality’ workforce, deputy secretary tells lawmakers  Federal News Network State Department cuts hit cyber diplomats doing international engagements  Nextgov/FCW State Department cuts China policy staff amid major overhaul  The Washington Post Veteran U.S. diplomats baffled after mass layoffs at State Department  NBC News Source link

A top State Department official who oversaw widespread layoffs last week is defending the personnel cuts, telling lawmakers these decisions will produce a “higher quality” workforce to carry out the Trump administration’s foreign policy agenda. Michael Rigas, the deputy secretary of state for management and resources, told the House Foreign Affairs Committee that terminating more than 1,350 employees last Friday …

Some agencies are walking back planned layoffs, Trump administration says  Government Executive The Collateral Damage of Federal Work Force Cuts: Summer Interns  The New York Times US agencies shrink layoff plans after mass staff exodus  Reuters Cleared to Lay Off Workers, Some Federal Agencies Find Many Already Left  The Wall Street Journal ‘Be efficient:’ EPA Administrator Lee Zeldin lays out the agency’s goals for …

Trump Live Updates: Pittsburgh A.I. Summit, Ukraine Weapons, Mass Layoffs and More  The New York Times A $75B investment is coming to Pa. Here’s what tech and energy leaders are saying before the Pittsburgh summit.  Pittsburgh Post-Gazette Pittsburgh event featuring Trump, Shapiro to tout $70B in energy, AI investments across Pa.  TribLIVE.com Trump attending major energy and AI summit today at Pittsburgh’s Carnegie …