Microsoft Xbox Faces Major Layoffs: Studio Closures and Game Cancellations
Microsoft’s Xbox division is undergoing major restructuring with up to 9,000 job cuts. This includes the cancellation of games like Perfect Dark and Everwild, the closure of The Initiative studio, and significant layoffs at Turn 10 Studios. CEO Phil Spencer stated the focus is on prioritizing strong opportunities for future success and confirmed he is not retiring soon.
Three Former Ubisoft Executives Sentenced for Sexual and Psychological Harassment in France
Three former Ubisoft executives have been convicted by a French court for sexual and psychological harassment after a prolonged investigation tied to the #MeToo movement in gaming. The case revealed misconduct, bullying, and unsafe workplace culture at Ubisoft, leading to fines, suspended sentences, resignations, and arrests. The executives' actions and justifications highlighted deep-rooted issues within the company's environment.
Embracing Work-Life Balance in Modern Business Travel
Modern business travel has transformed with the rise of hybrid lifestyles, focusing on intentionality, mobility, and rejuvenation for traveling professionals.
LumApps and Beekeeper Join Forces to Create Europe's Newest Unicorn
LumApps, a French intranet software provider, is merging with Swiss mobile frontline workforce platform Beekeeper. The merger creates a $1 billion+ valued company offering a comprehensive employee engagement and communication hub across diverse job roles. This move represents a notable development in the European technology sector.
Mark Zuckerberg's Lucrative Offers to Attract Top AI Experts
Meta CEO Mark Zuckerberg is aggressively recruiting top AI talent by offering highly attractive salary packages and unlimited access to state-of-the-art computing chips, competing directly with OpenAI to attract the best experts in the field.
Sam Altman Criticizes Meta's Aggressive AI Recruitment: 'Missionaries Over Mercenaries'
Sam Altman, CEO of OpenAI, criticized Meta's approach to AI talent acquisition, warning it may result in serious cultural problems. He emphasized the importance of passionate and committed individuals ('missionaries') over those motivated mainly by money ('mercenaries').
OpenAI Leadership Addresses Talent Loss to Meta with Strategic Compensation Adjustments
OpenAI leaders respond to talent recruitment by Meta, led by Mark Zuckerberg, by adjusting their compensation strategy to retain staff, describing the situation as a serious breach impacting their organization.
Meta Recruits Four Leading Researchers from OpenAI
Meta, under Mark Zuckerberg's leadership, has successfully recruited four key researchers from OpenAI to join its new superintelligence team. This move highlights the competitive nature of the AI research field and Meta's commitment to advancing its capabilities by attracting top experts from rival organizations.
Tracking Major Tech Job Cuts: 95,000+ Layoffs in U.S. Tech Firms
More than 95,000 tech workers in the U.S. were laid off in 2024, with job cuts expected to continue into 2025. Crunchbase News tracks the latest companies implementing these layoffs.
BET Announces Staff Layoffs Amid Paramount Global Workforce Reductions
BET has announced staff layoffs as part of the workforce reduction efforts by its parent company, Paramount Global. CEO Scott Mills stated that the network is not immune to the challenging conditions that have led to these necessary actions.
Build A Rocket Boy Announces Layoffs Shortly After MindsEye Launch
Build A Rocket Boy has begun layoffs affecting about 100 employees shortly after launching MindsEye, a game by Leslie Benzies that faced a troubled release. Despite plans for future updates and multiplayer content, the company faces challenges competing in a tough gaming market while committing to support the game’s development.
Jacqui Heinrich from Fox News Joins WHCA Board; ABC News Announces Multiple Promotions
Jacqui Heinrich of Fox News has been appointed to the WHCA Board. Concurrently, ABC News reports several key promotions in its New York and Washington, D.C. offices, marking notable shifts in its organizational structure and leadership.
Tracking the 2024-2025 U.S. Tech Industry Layoffs
More than 95,000 tech workers in the U.S. faced layoffs in 2024, with the trend carrying on into 2025. Crunchbase News provides ongoing updates on which tech companies are cutting roles.
Amazon CEO Predicts Job Reductions Due to AI-Driven Efficiency Gains
Amazon CEO Andy Jassy stated that AI advancements will reduce the company's workforce due to efficiency improvements. Amazon has already made significant layoffs and is developing extensive AI tools. Employees are encouraged to adapt to AI to maintain their roles. Similar trends are seen in other companies like Shopify and Duolingo.
Fox Removes Assistant News Director Role in Seattle
Fox Television Stations have made staffing changes by removing the assistant news director role in Seattle and the sports anchor position in Houston, reflecting internal organizational shifts.
Mark Zuckerberg's Strategic Recruitment Drive for AI Experts at Meta
Mark Zuckerberg is actively recruiting elite AI researchers for a new superintelligence lab at Meta, offering significant freedom, resources, and lucrative compensation. He personally contacts candidates, highlighting the scale of Meta's operations and risk-taking opportunities. The initiative underscores Meta's commitment to leading AI innovation.
Google Launches Voluntary Employee Buyouts in Search and Other Divisions
Google is offering voluntary buyouts to US employees in its Search and other divisions, excluding DeepMind AI, Google Cloud, and YouTube. The program includes a minimum 14 weeks’ pay and a July 1st deadline. Some employees near offices must return onsite or face layoffs. Future layoffs are uncertain.
ABC News Ends Contract with Terry Moran Following Social Media Incident
ABC News has decided not to renew Terry Moran's contract, following an incident related to a social media post. This decision was publicly announced on Tuesday, marking the end of Moran's tenure with the network.
Maximizing Growth: Making Your First Senior Hire in a Startup
Julia Austin, in her book “After the Idea,” offers startup founders essential guidance on the strategic process and impact of recruiting their first senior leader to accelerate startup growth and development.
ABC News Suspends Terry Moran Following Social Media Incident
Terry Moran has been suspended by ABC News pending further evaluation due to a social media post. The decision was confirmed by an ABC News spokesperson to TVNewser.