19 results found
Mark Zuckerberg's superyacht arrived in Seattle the same day Meta disclosed nearly 1,400 local layoffs, signaling a complex period for the tech giant. Meanwhile, robot pizza startup Picnic shut down, and corporate America grapples with the rising costs of AI, including practices like "tokenmaxxing" that inflate expenses. These events highlight a tech industry facing both opulence and economic realities.
Quantic Dream's live-service MOBA, *Spellcasters Chronicles*, flopped disastrously, leading to its abandonment after just three months and up to 95 potential layoffs. A French union blames studio leadership, including David Cage, for "incompetence," poor management, and ignoring warnings, creating an "ungodly expensive" game that failed to connect with players.
Seattle is experiencing a stark contradiction: rapid population growth alongside significant tech layoffs. This paradox highlights growing anxieties among tech leaders about the region's long-term trajectory, despite its historical role as a global innovation hub. Concerns about complacency and intense competition from other cities are rising, urging Seattle to adapt to the evolving AI era.
Meta employees across several US offices have launched a visible protest against the company's new mouse-tracking software, the “Model Capability Initiative,” just days before widespread layoffs are set to impact 8,000
Starbucks is cutting 61 tech jobs at its Seattle headquarters as part of a technology department reorganization, a recent Washington state filing confirms. The layoffs, impacting roles from cybersecurity to management, are tied to CEO Brian Niccol's turnaround strategy and new CTO Anand Varadarajan's vision.
Epic Games is exploring AI for Fortnite development, aiming for efficiency, not job replacement, according to Senior External Development Manager Stephanie Arnett. While community concerns exist, especially regarding generative AI art, Epic says its goal is to help human developers work faster. This move comes amid Epic's recent layoffs and cost-saving plans, placing them among other industry giants like Take-Two and Naughty Dog also embracing AI.
Oracle laid off 20,000-30,000 employees, offering standard severance terms that excluded accelerated stock vesting, a major point of contention. Efforts by a group of affected workers to negotiate for better packages, citing less generous terms compared to other tech giants and issues with WARN Act protections, were rejected by Oracle.
Porsche is closing three subsidiaries—Cellforce Group (battery R&D), Porsche eBike Performance, and Cetitec (software)—affecting over 500 jobs. This strategic overhaul, driven by CEO Michael Leiters, aims to refocus on core business amidst declining sales and profits, particularly in key markets like China and North America.
2K's 31st Union studio has undergone layoffs for its free-to-play shooter Project Ethos, while announcing a significant pivot to a "skill-based PVP roguelike experience." This change aims to streamline development and introduce a "more distinctive, fantasy-like visual identity" after a lukewarm initial reception.
Meta Platforms is set to commence a significant company-wide restructuring on May 20, initiating layoffs that will impact approximately 8,000 employees, representing 10% of its global workforce. This substantial
Meta is cutting 168 positions in Washington state, predominantly impacting its Reality Labs division across Seattle, Redmond, and Bellevue. These layoffs, effective May 8, are part of a broader company-wide restructuring and follow previous reductions as Meta emphasizes efficiency and AI integration.
Smartsheet has announced four C-suite changes, including two new hires and two promotions, as CEO Rajeev Singh continues to build his leadership team after recent layoffs. Separately, fashion rental startup Armoire has appointed Morgan Cundiff as head of product and machine learning. Additionally, long-time Microsoft director Javier Páramo has launched AIQLinea, a new Redmond-based startup focused on guiding companies through AI adoption strategies.
EA has announced layoffs across its Battlefield studios (Criterion, Dice, Ripple Effect, Motive) despite Battlefield 6 achieving record-breaking sales of 7 million copies in three days and being the best-selling game of 2025 in the US. The cuts are part of a "realignment" for live service support, following significant player criticism over monetization, AI cosmetics, and content updates, which led to a sharp drop in concurrent players and Steam review scores.
Block, Jack Dorsey's company, cut over 4,000 staff (40%) despite strong financial performance, attributing it to new AI efficiencies and a pivot to an "intelligence-native" operational model. This move, driven by a focus on "agentic AI infrastructure," signals a fundamental shift in how tech companies might scale and manage operations. It prompts other enterprises to audit their own workflows for similar AI-driven consolidation.
Block, led by Jack Dorsey, slashed over 4,000 employees, nearly half its global workforce, citing AI as a proactive strategy to boost agility. Dorsey predicted similar widespread cuts across the industry. The move sent Block's stock soaring over 24% in after-hours trading.
Asha Sharma takes the helm as Microsoft Gaming's new CEO, following Phil Spencer's retirement and Sarah Bond's resignation. Despite her lack of gaming experience and AI background, industry analysis suggests her best initial move may be to foster stability. By allowing Xbox's robust studios to operate without the threat of further layoffs or closures, she could leverage the company's strong game pipeline and rebuild its reputation.
Meta's flagship metaverse service, Horizon Worlds, is decoupling from its Quest VR platform and shifting its focus predominantly to mobile. This strategic pivot follows significant financial losses in Meta's mixed reality division and internal layoffs, signaling a move away from an all-encompassing VR metaverse vision toward mobile engagement, augmented reality, and AI investments.
Phil Spencer retires as Microsoft Gaming CEO after 38 years; Sarah Bond leaves Xbox presidency. Asha Sharma (ex-CoreAI) named new CEO, Matt Booty promoted. No layoffs promised amid leadership pivot.
Ubisoft has laid off approximately 40 staff at its Toronto studio, impacting individuals working on the *Splinter Cell remake*. The company confirms the game remains in development, despite the cuts. These layoffs are part of a broader organizational restructuring following other studio reductions and a recent employee strike.
