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#techlayoffs

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💰 Intel Is Cutting More Than 15,000 Jobs Despite Getting Billions From the US Government - WIRED

「 Intel said today that it will cut 15 percent of its workforce, or more than 15,000 jobs, as it struggles to rebound from disappointing results. In March, the US government said it would give Intel no less than $8.5 billion to help it rebuild its US chipmaking operations 」

wired.com/story/intel-job-cuts

WIRED · Intel Is Cutting More Than 15,000 Jobs Despite Getting Billions From the US GovernmentBy Will Knight

Video game companies laid off more than 11,000 people last year and in 2024 so far, a further 8,100 have been laid off. Yet 2023 was a good year for many games businesses in financial terms. GameSpot's Phil Hornshaw dives into what's going on, and how the industry needs to change.

flip.it/yoqZrj

GameSpotVideo Game Industry Layoffs Are Worse Than Ever. How Did We Get Here?Several factors have come together to make this an incredibly tumultuous time for video game developers, and could have lasting effects on the industry.

Electronic Arts is to cut 5% of its workforce, according to a note to staff from CEO Andrew Wilson. That translates to around 670 of the 13,400-strong workforce. @GIbiz's @BrendanSinclair has more details on the company's restructuring plan, which also includes closing offices and sunsetting certain live games. Wilson said in his note that the company is "moving away from development of future licensed IP that we do not believe will be successful in our changing industry."

flip.it/53HnCq

GamesIndustry.biz · EA cutting 5% of workforceBy Brendan Sinclair

The payment company's CEO #AlexChriss told staff on Tuesday that another 9% of the #workforce — about 2,500 positions — will be slashed. The news comes after #PayPal said it would reduce its headcount by about 2,000 in January last year. #TechLayoffs

PayPal lays off 2,500 workers one week after CEO announces 'new chapter'
businessinsider.com/paypal-job

Insider · PayPal to cut 2,500 jobs, adding to January layoff announcementsBy Paul Squire