Take-Two Interactive to Lay off 5% of Workforce
Take-Two Interactive Software the publisher behind franchises like Grand Theft Auto (GTA) and NBA 2K has unveiled a restructuring plan by laying off 5% of its workforce.
Take-Two Interactive Software the publisher behind franchises like Grand Theft Auto (GTA) and NBA 2K has unveiled a restructuring plan by laying off 5% of its workforce.
Vice Media has announced that the company is halting publication on its flagship website, Vice.com, and undertaking layoffs, affecting hundreds of its employees.
Paramount Global, the media company behind CBS, has announced its decision to lay off around 800 employees, amounting to roughly 3% of its workforce. This comes on the heels of CBS’s record-breaking Super Bowl viewership and advertising revenue.
PayPal has announced a workforce reduction of 9%, around 2,500 employees globally. The decision, communicated by CEO Alex Chriss in a letter to staff, comes just a year after the company’s previous layoff of 7% of its workforce.
Riot Games, the developer behind titles like “League of Legends” and “Valorant,” has announced a restructuring plan that includes an 11% reduction in its global workforce, impacting approximately 530 employees worldwide.
The sports media brand Sports Illustrated has made mass layoffs, licensing disputes, and more. The publisher, The Arena Group, announced on Friday its intention to lay off a large number, possibly all, of the guild-represented workers at Sports Illustrated.
Amazon’s Twitch, is reportedly set to lay off approximately 35% of its workforce, amounting to around 500 employees. This comes as the platform struggles with financial challenges and struggles to achieve profitability, even nine years after its acquisition by Amazon for nearly $1 billion.
Spotify has announced reduction in its workforce. The company, led by Chief Executive Daniel Ek, revealed plans to cut approximately 1,500 jobs, constituting 17% of its current workforce of 9,000 employees.