Take-Two Interactive recently announced that it will be shutting down two of its subsidiary studios, Intercept Games and Roll7. Intercept Games had been working on the highly anticipated sequel Kerbal Space Program 2, while Roll7 is known for developing titles like OlliOlli World and Rollerdrome. This news comes after Take-Two stated in April that it […]
layoffs
Indy Game Corp ‘Ascendant Studios’ Lays Off Nearly Half Its Employees After Immortals of Aveum Sales Disappoint
Ascendant Studios, the California-based video game developer founded by Call of Duty programmer Bret Robbins, has laid off approximately 45% of its employees just weeks after the launch of its debut title Immortals of Aveum. The studio had employed over 100 people as of April 2023 before letting go around 40 staff members in a […]
Riot Games Lays Off 11% of Employees to Refocus As ESG Money Begins To Run Out
Riot Games CEO Nicolo Laurent announced layoffs of around 530 employees, representing 11% of the company’s global workforce. This difficult decision was made to shift Riot’s focus and make the company more financially sustainable after significant investments in new games and experiences failed to pay off as expected, Laurent explained. “This decision means we’re eliminating […]
Disney’s Greedy Streaming Ambitions Force Deep Cuts at Beloved Pixar Studio as CEO Bob Iger Pursues Streaming Profits
Legendary animation company Pixar is expected to lay off a significant portion of its workforce in 2024—up to 20%, according to insiders. The actions are the most recent setback for Pixar’s creative team as parent company Disney continues to put streaming revenue ahead of artistic integrity. Budgets for Pixar teams, who were already overworked creating […]
Discord Drops 20% Of Staff As More Tech Companies Pink Slip Their Employees Due To Inefficiency
Discord, the popular chat app, is the latest tech company to conduct major layoffs, cutting 17% of its workforce. CEO Jason Citron framed the move as “sharpening our focus” and improving efficiency, but the troubling trend of ballooning headcounts and subsequent job cuts raises questions about the company’s direction. “Today we are making the unfortunate and […]
Amazon Drops 35% Of Twitch Workforce As Execs Leave And Competitor ‘Kick’ Offers Recent Layoffs Jobs
Amazon’s live-streaming platform Twitch is looking to slash about 35% of its workforce, Bloomberg reported on Tuesday. The impending layoffs would affect about 500 workers, Bloomberg reported, citing sources familiar with the matter. The publication said the layoffs could be announced as early as Wednesday. The job cuts come after a series of executive departures at the […]
Massive Layoffs Coming To Amazon Prime Video After Disastrous Rings Of Power First Season
Amazon Prime Video has announced sweeping layoffs, affecting “several hundred roles” across Prime Video, and Amazon MGM Studios. This decision comes in the aftermath of the costly and ill-fated first season of “The Lord of the Rings: The Rings of Power.” Let’s delve into the details surrounding this major shake-up within the streaming giant. Senior […]
