layoffs

Activision Blizzard said the recently announced layoffs at the company may have a negative impact on its business. On page 12 of its SEC filing, the company warned investors that the job cuts may not have the desired effect of saving the company money as "there can be no assurance that our...

Apparently, its layoff season in the gaming industry. Activision-Blizzard let hundreds of employees go earlier this month, and now, gamesindustry.biz reports that EA and ArenaNet are losing a significant number of employees as well. EA Australia is behind a number of (relatively) high profile...

New Verizon CEO Hans Vestberg is taking an aggressive approach to reviewing business units and cost-saving measures. After reporting that Verizon was laying off over 10,000 workers yesterday, today CNBC is reporting that the company is taking a goodwill impairment charge of $4.6 billion in value...

According to a new report, IBM may have violated age discrimination laws as it downsized over the last several years. The report in question says IBM eliminated 20k American employees ages 40 and over. This accounted for a total of 60 percent of the estimated job cuts in the last 5 years. The...

In an article on TechCruch, sources say that TrackR has laid off 42 of it's 90 employees. The company, known for making bluetooth tracking-devices for things like wallets, keys, and luggage lists just over 90 emplyees on Linkedin, including investors and board members, while PitchBook notes 35...

There is news of the online audio distribution platform SoundCloud slowly treading into rough waters. According to a piece by TechCrunch, the online music distribution platform may not have enough cash to last after the next 80 days. Last week, the company recently laid off about 40 percent of...