Citing a report from VGC, Riot Games issued a rather detailed statement on their official website on Monday. The globally renowned game studio confirmed that they will be reducing their workforce by 530 people,...
Epic Games CEO, Tim Sweeney, conveyed to internal staff that there will be a reduction in force, a measure to stabilize the company’s expenditures that far exceed its revenues. Approximately 16% of the workforce,...
In April, Intel released its first-quarter financial report for 2023, revealing its lowest quarterly revenue since 2010 and the largest quarterly loss in the company’s history. Intel CFO David Zinsner stated that the company...
Unity, a renowned 3D engine development company, is widely recognized for its Unity engine utilized in game development and 3D creative fields. According to a report by PCGamer, a total of 600 employees were...
One of the gaming industry’s behemoths, Electronic Arts (EA), has announced a workforce reduction of 6% while concurrently restructuring several teams. EA’s Chief Executive Officer, Andrew Wilson, conveyed in a statement that this constitutes...
Rockstar’s parent company, Take-Two, which is also the publisher of the “GTA” and “Borderlands” series of games, has confirmed recent reports about layoffs, stating that this is a “necessary action” for the company’s continued...
Recently, there has been news of layoffs in the semiconductor industry one after another, and memory giant Micron is no exception. Previously, Micron also announced a number of measures such as layoffs, production reductions,...
GlobalFoundries is currently the fourth-largest wafer foundry in the world and would be listed in October 2021. According to Bloomberg, on a recent earnings call, GlobalFoundries announced a hiring freeze and layoffs as part...
