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Massive restructure forces Zynga to lay off more than 500 employees
- In what is probably a surprise to very few people at this point, fledgling social games provider Zynga is laying off nearly 20 percent of their workforce as part of a massive restructuring effort. Do the math and that comes…
EA announces more layoffs rumored to be "in the hundreds"
- Job security has likely been a hot topic around the water cooler as of late if you happen to work at Electronic Arts. Just last month, EA handed out a round of pink slips to roughly 170 employees at the…
EA cleans house at Montreal studio, most staff members laid off
- EA has reportedly handed out another wave of pink slips to several unfortunately employees. Specifically, we are hearing that nearly the entire staff of EA Mobile Montreal is out of work. EA has confirmed layoffs have taken place but didn’t…
Ziff-Davis shuts down 1UP, GameSpy as part of restructuring effort
- Ziff-Davis, owner of IGN Entertainment, recently announced they will be closing three very popular video game websites in their network: 1UP, GameSpy and UGO. The decision is also leaving a number of people looking elsewhere for employment as the company…
Valve co-founder Gabe Newell publically addresses layoffs
- Yesterday brought rumors that Valve may be preparing extensive staff cuts after the company fired Jeri Ellsworth the day before. One site said they confirmed that several employees had been let go – as many as 25 – in what…
OCZ is axing 28% of its global workforce and 150 product variations
- Hoping to get OCZ back on track, newly appointed chief executive Ralph Schmitt has revealed plans to reduce costs and streamline the company's lineup. OCZ has repeatedly missed earnings expectations, including a $6.3 million loss in its first quarter that…
Zynga quietly lays off 100+ employees, disbands "The Ville" team
- In October 2010, social gaming developer Zynga was riding a massive wave of success. The start-up was valued at roughly $5.5 billion - higher than console publisher Electronic Arts at the time. Plans of taking the company public were well…
Sony to lay off 2,000 workers, close a digital imaging factory
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Sony has announced that it will lay off about 2,000 employees by the end of 2012, including a 20% staff reduction at the company's Tokyo headquarters and 20% from its Home Entertainment and Sound Business Group. The decision is part of a plan revealed earlier this year...
AMD posts $157 million loss, cutting workforce by 15 percent in Q4
- Things could quickly be going from bad to worse in the event you work for AMD or know someone that does. The struggling microprocessor company has reported a loss of $157 million ($0.21 per share) for the third quarter on…
AMD preparing to lay off 20-30% of workforce
- Chipmaker AMD is purportedly preparing to lay off up to one-third of its workforce, according to All Things D and its sources familiar with the company's plans. Amongst positions proposed for elimination are sales and engineering -- a category which…
Sony culls Wipeout creators Studio Liverpool after 28-year run
- The game development team at Studio Liverpool, one of Europe’s longest-running game studios was closed by its parent company Sony yesterday, without any prior warning and in the process cancelling all games in production. Among them were two rumored titles due…
Weekend tech reading: OnLive reboots with new owner after layoffs
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"OnLive ... will continue to operate," the statement read. "...there is no expected interruption of any OnLive services." It was a statement that read as an assurance: everything is fine, we're still here, it's business as usual. But it was clear that everything wasn't fine. Earlier yesterday...
RIM: yet more losses, job cuts, BlackBerry 10 delayed until Q1 2013
- Research in Motion's situation has taken another dramatic turn after last night's earning call to investors revealed its urgently needed and potentially lifesaving BlackBerry 10 OS will be delayed. The Canadian firm also reported huge losses for the first financial…
Nokia to slash 10,000 jobs by end of 2013, sells Vertu
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The downward spiral continues for Nokia with the announcement that it will slash 10,000 jobs, estimated to be around 19% of its worldwide workforce, by the end of 2013 as part of drastic measures to change its fortunes.
Nokia to cut 4,000 more jobs and move manufacturing to Asia
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Finnish phone manufacturer Nokia has announced plans to cut a further 4,000 more jobs at plants in Finland, Hungary and Mexico as the struggling firm tries to reduce manufacturing costs by re-locating production assembly work of its smartphones...
Yahoo implements company-wide hiring freeze, contemplating layoffs
- Yahoo has implemented a company-wide hiring freeze despite hundreds of open positions as the first step in a cost-reduction initiative. The company is even contemplating layoffs moving forward, although these are expected to be small and strategic at first, according…
Motorola Mobility to layoff 800 employees
- Motorola Mobility is planning to cut hundreds of jobs and rein costs as it prepares to complete its acquisition by Google. The mobile phone maker said in a regulatory filing that the reductions would cost it $31 million and the…
HP slashes over 500 jobs at webOS division
- HP has confirmed that a round of layoffs in its webOS division is now underway. Although the company declined to provide an actual number, AllThingsD is reporting that the move will affect as many as 525 employees in the hardware…
BlackBerry maker RIM to cut 2,000 jobs worldwide
- Research In Motion has announced plans to cut 2,000 jobs, or about a tenth of its workforce, as part of a previously announced cost-cutting effort. The move comes as the company's management is facing harsh criticism from anonymous employees and…
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