Microsoft’s lofty goals for Xbox profit are behind the price hikes and studio shutdowns

Jess Weatherbed / theverge - Pressure from Microsoft to achieve industry-topping profit margins has led to Xbox being butchered over the last two years, after not imposing specific targets on the gaming unit in the past. Citing sources with knowledge of internal matters, Bloomberg re…

Back to Top / Thursday, October 23, 2025, 10:22 am / permalink 15342 / 10 stories in 4 months

General Motors gives up on BrightDrop electric vans

Sean O'Kane / techcrunch - A chaotic four-year program comes to an end after GM struggled to sell the electric vans at scale.

Back to Top / Tuesday, October 21, 2025, 12:21 pm / permalink 15280 / 6 stories in 4 months

Amazon aiming to replace over 600,000 workers with robots: report

Bradly Shankar / mobilesyrup - Amazon is planning to replace hundreds of thousands of jobs with robot workers, according to The New York Times. Citing internal documents and interviews with sources, the publication reports that Amazon is hoping to have robots replace more than 600,000 …

Back to Top / Tuesday, October 21, 2025, 12:21 pm / permalink 15278 / 7 stories in 4 months

EA will shut down The Sims Mobile in January

Kris Holt / engadget - The Sims Mobile is going away as EA will shut it down on January 20, nearly eight years after its debut in March 2018. An update that went live on Monday is the final one and the company is delisting the game on October 21. Since the game requires online …

Back to Top / Monday, October 20, 2025, 1:20 pm / permalink 15225 / 2 stories in 4 months

Fiverr is laying off 250 employees to become an 'AI-first company'

Ian Carlos Campbell / engadget - Gig economy platform Fiverr is laying off 250 employees as it pivots to being an "AI-first company," CEO Micha Kaufman shared in an essay on X. The move affects around 30 percent of the company's staff, The Register writes, and it's not uncommon among tec…

Back to Top / Tuesday, September 16, 2025, 6:20 pm / permalink 14617 / 2 stories in 5 months

xAI fires 500 employees amid strategic pivot

Elon Musk’s xAI has made headlines by cutting approximately 500 jobs, predominantly targeting its data annotation team. The company appears to be shifting its focus from a broad generalist approach to a more specialized AI tutoring model. The layoffs have raised questions about xAI’s long-term direction and internal strategy.

Back to Top / Saturday, September 13, 2025, 10:20 am / permalink 14515 / 4 stories in 5 months

Slay the Spire 2 Release Date Slips to March 2026 — and No, It Had Nothing to Do With Silksong, Dev Insists

Vikki Blake / ign - Slay the Spire 2 has been delayed to March 2026. And no, it had nothing to do with Silksong.

Back to Top / Friday, September 12, 2025, 8:21 am / permalink 14448 / 3 stories in 5 months

Novo Nordisk to cut 9,000 jobs - Financial Times

google - Novo Nordisk to cut 9,000 jobs Financial Times

Back to Top / Wednesday, September 10, 2025, 2:20 am / permalink 14216 / 1 stories in 5 months

Ericsson Layoffs in Canada Hit Former Rogers Cell Tower Workers

John Quintet / iphoneincanada - Ericsson has cut roughly 100 technical jobs in Canada as part of its ongoing effort to streamline costs and merge local operations with its global workforce. The layoffs were announced to employees on Monday, with final work days set for October 31. Worke…

Back to Top / Tuesday, September 9, 2025, 7:20 pm / permalink 14201 / 2 stories in 5 months

OpenAI Considers Relocating Amid Restructuring Concerns

Amid reports of internal restructuring and escalating security issues, OpenAI is mulling over a potential relocation. The company’s leadership discussed leaving California as part of a broader strategic maneuver to navigate increasing logistical and regulatory challenges in the AI race.

Back to Top / Tuesday, September 9, 2025, 11:21 am / permalink 14148 / 1 stories in 5 months

ANZ bank to slash 3500 jobs in sweeping CEO-led overhaul

Australia’s ANZ bank is making a bold—and somewhat ironic—move under its new CEO by planning to cut 3500 jobs in a major restructuring effort aimed at streamlining operations and boosting efficiency. The decision, reported by both Bloomberg and Reuters, leaves many wondering if the leadership change is more about cost-cutting theatrics than genuine turnaround.

Back to Top / Monday, September 8, 2025, 11:20 pm / permalink 14111 / 0 stories in 5 months

Intel reshuffles its executive leadership team as its former co-CEO departs

Mike Wheatley / siliconangle - Intel Corp. Chief Executive Lip-Bu Tan has made sweeping changes to his executive leadership team, waving goodbye to former interim co-CEO Michelle Johnston Holthaus and announcing a series of new appointments. The changes come as Tan intensifies his effo…

Back to Top / Monday, September 8, 2025, 7:20 pm / permalink 14096 / 6 stories in 5 months

Xbox Game Pass Once Again in the Firing Line After Former Microsoft Executive Says It Creates 'Weird Inner Tensions'

Wesley Yin-Poole / ign - Hot on the heels of former Bethesda executive Pete Hines questioning Xbox Game Pass as a business strategy, a former Microsoft executive has backed the comments, insisting Microsoft’s subscription service creates “weird inner tensions.”

Back to Top / Monday, September 8, 2025, 1:21 pm / permalink 14056 / 3 stories in 5 months

Firaxis Lays Off ‘Dozens’ Of Devs After Civilization VII Struggles

Zack Zwiezen / kotaku - This is at least the third round of layoffs at a 2K-owned studio this yearThe post Firaxis Lays Off ‘Dozens’ Of Devs After Civilization VII Struggles appeared first on Kotaku.

Back to Top / Thursday, September 4, 2025, 3:21 pm / permalink 13823 / 4 stories in 6 months

US Initial Jobless Claims Reach Highest Level Since June

New figures show US initial jobless claims hit levels not seen since June, signaling fresh stress in the labor market. The surge in filings underscores growing economic challenges as job recoveries face headwinds, prompting fresh scrutiny among economists and policymakers.

Back to Top / Thursday, September 4, 2025, 10:21 am / permalink 13786 / 0 stories in 6 months

Lloyds initiates sweeping staff overhaul amid performance cuts

Financial giant Lloyds is undergoing a major restructuring that could see thousands of employees dismissed in a drive to boost operational efficiency. The performance overhaul has sparked widespread concern among staff and signals a dramatic shift in the bank’s long-term strategy.

Back to Top / Thursday, September 4, 2025, 4:21 am / permalink 13747 / 1 stories in 6 months

ConocoPhillips to slash workforce by up to 25%

ConocoPhillips announced plans to cut its workforce by between 20% and 25% as part of a major strategic restructuring amid challenging market conditions. The decision has already stirred concern among investors and industry watchers alike.

Back to Top / Wednesday, September 3, 2025, 12:21 pm / permalink 13676 / 0 stories in 6 months

Blizzard's Diablo Developers Vote To Unionize After Mass Layoffs

Lan Pitts / gamespot - This week, the Communications Workers of America (CWA) announced that more than 450 developers of Blizzard Entertainment's Diablo team have voted to unionize under the CWA. The successful outcome of this effort means workers will now be represented by CWA…

Back to Top / Friday, August 29, 2025, 11:21 am / permalink 13386 / 2 stories in 6 months

Microsoft fires two employees over breaking into its president’s office

cnbc - The protesters, affiliated with the group No Azure for Apartheid, gained entry into Smith's office and had demanded that Microsoft end its direct and indirect support to Israel.

Back to Top / Thursday, August 28, 2025, 12:20 am / permalink 13260 / 5 stories in 6 months