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Discord Announces 17% Workforce Reduction
Discord has initiated a significant restructuring effort, resulting in the elimination of 170 positions, which accounts for 17% of its total workforce. According to an internal memo obtained by The Verge, the layoffs will impact employees across various departments. In a statement to staff, CEO Jason Citron explained that Discord's rapid expansion, with a five-fold increase in personnel since 2…
Jan. 11, 2024, 7:59 p.m.
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IronSource Co-Founders Transition Out of Executive Roles at Unity
A major shift is underway at Unity, with six co-founders of IronSource stepping down from their executive positions and taking on non-executive roles. They will remain employed for the next six months to facilitate a seamless transition. According to a recent SEC filing reported by PocketGamer.biz, Tomer Bar-Zeev has mutually agreed with the company to relinquish his role as CEO as part of the r…
Jan. 11, 2024, 6:19 p.m.
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Playtika Announces 10% Workforce Reduction
Playtika is set to downsize its workforce by approximately 10%, which translates to around 400 redundancies. According to CTech, this decision will not impact the company's Israeli operations. With a current Israeli staff of nearly 1,100 employees, the move is part of a series of strategic decisions made by the mobile gaming firm over the past year. This period has seen the temporary halt of game…
Jan. 11, 2024, 2:55 p.m.
News
Hogwarts Legacy Maintains Its Lead in UK Boxed Charts
Hogwarts Legacy has held on to the top spot in the UK's first physical game charts of 2024, with a notable increase in PS5 sales despite a 46% overall sales decline, according to GfK's latest report. As the best-selling physical game in the UK for 2023, Avalanche Software's title continues to thrive in the new year. EA Sports FC 24 secured the second position with a 9% sales boost, rising from si…
Jan. 11, 2024, 12:13 p.m.
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Nintendo's Stock Reaches Historic High Amid Switch 2 Speculation and Saudi Investment Rumors
Nintendo's stock price soared to a record high, driven by anticipation of the upcoming Switch 2 console and potential investment from Saudi Arabia. The company's market capitalization briefly surpassed ¥10 trillion, a milestone not seen since 2007. The surge in stock price, which rose 5% to ¥7,902, was fueled by expectations of a new console release by the end of the year and speculation about fu…
Jan. 11, 2024, 11:11 a.m.
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Twitch Announces Significant Staff Reductions
Update, Thursday, January 11: In a statement posted on the Twitch blog, CEO Dan Clancy confirmed the company's decision to downsize its workforce. Clancy explained that despite efforts to reduce costs and enhance efficiency over the past year, the organization remains larger than necessary given its current business scale. He noted that the company is adjusting its size based on present condition…
Jan. 11, 2024, 11:07 a.m.
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Spider-Man 2 Leads the Pack with Most Nominations for 2024 DICE Awards
The nominations for the 27th Annual DICE Awards were unveiled yesterday, with Spider-Man 2 taking the top spot, receiving recognition in nine categories, including Action Game of the Year and Game Direction. Insomniac Games' title is closely followed by Remedy's Alan Wake 2, which garnered eight nominations, including Art Direction and Story. Baldur's Gate 3 secured seven nominations, with notabl…
Jan. 11, 2024, 10:14 a.m.
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Global Mobile Gaming Revenue Sees 2% Decline, Reaching $107 Billion in 2023
According to a recent report by Data.ai, the global mobile gaming market generated $107 billion in revenue in 2023, marking a 2% year-over-year decline. The report highlights that mobile gamers spent an average of $1.5 billion per week on games, with over 1.1 billion downloads throughout the year. China led the market in terms of player spending, with a total of $37.6 billion, followed by the US,…
Jan. 10, 2024, 3:55 p.m.
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Esports Wales Secures £50,000 Funding Boost
A significant investment of up to £50,000 has been awarded to Esports Wales through Media Cymru's Development Fund. According to reports by Esports Insider, Esports Wales is among 24 businesses and freelancers to receive funding, aimed at driving project development and innovation. The allocated funds will be utilized to further establish and support the national Welsh Esports League, launched …
Jan. 10, 2024, 11:42 a.m.
News
Revamped Steam Policy Welcomes AI-Driven Games
Valve Corporation has revamped its Steam review policy to accommodate games that utilize artificial intelligence, stating that it will approve the majority of such titles. However, the company has established new guidelines, including the requirement for developers to disclose their use of AI in game development. Valve categorizes AI content into pre-generated and live-generated types, both of wh…
Jan. 10, 2024, 10:52 a.m.