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Google Announces Mass Layoffs Affecting 12,000 Employees
Google has become the latest major tech company to implement significant job cuts, following in the footsteps of Microsoft and Amazon, with plans to eliminate 12,000 positions. According to a memo sent by CEO Sundar Pichai to employees on Friday, the layoffs will commence immediately in the US, with other countries to follow, albeit at a slower pace due to varying legal and regulatory requirement…
Jan. 20, 2023, 7:08 p.m.
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Vox Media Announces Significant Staff Reduction
Vox Media has initiated a major restructuring effort, resulting in the elimination of 130 positions, which accounts for 7% of its total workforce. This move is reportedly a response to the economic challenges facing the media and tech industries. According to a memo circulated by CEO Jim Bankoff, the company is bracing for continued financial pressures. The decision has been met with criticism fr…
Jan. 20, 2023, 6:34 p.m.
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Riot Games Reduces Workforce by 46 Employees Amid Strategic Reorganization
Riot Games, the developer of popular titles such as Valorant and League of Legends, has become the latest gaming company to announce job cuts. The news was initially reported by esports journalist Jacob Wolf on Twitter, before being confirmed by Riot Games in a statement to Rock Paper Shotgun. According to Wolf, the affected employees were from various teams, including human resources, recruitmen…
Jan. 20, 2023, 11:52 a.m.
News
Recent Layoffs Hit GameSpot and Giant Bomb Following Fandom Acquisition
A new wave of layoffs has impacted the media industry, with GameSpot and Giant Bomb being the most recent casualties. The news broke when several staff members from both teams took to social media to announce their job loss. According to Kotaku, the layoffs were revealed during an impromptu company-wide meeting led by Perkins Miller, the CEO of Fandom, the parent company of the two sites. Sources…
Jan. 20, 2023, 11:22 a.m.
News
Nintendo Aims to Boost Switch Production in 2023
According to reports, Nintendo is gearing up to increase production of its Switch console in the upcoming fiscal year. Sources familiar with the matter have revealed to Bloomberg that the company has informed its suppliers and assembly partners of its plans to manufacture a higher number of units compared to the current financial year, although no specific target has been disclosed. This developm…
Jan. 20, 2023, 10:23 a.m.
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Playtika Makes Bid to Acquire Rovio
Playtika has announced its intention to purchase Rovio, the creator of Angry Birds, with an all-cash offer of €9.05 per share. This offer represents a 55% increase over Rovio's closing price of €5.82 on the previous trading day. The total value of the proposed deal is approximately €751 million or $813 million. The offer is non-binding, and Playtika has stated that no agreement has been reached w…
Jan. 19, 2023, 9:34 p.m.
News
Majority of Game Developers Favor Industry Unionization
A recent survey conducted by the Game Developers Conference has shown that a significant proportion of developers in the industry support unionization efforts, with 53% of respondents expressing their support. The survey, which garnered responses from over 2,300 developers, also found that 24% were undecided, 13% opposed the idea, and 10% were unsure. Compared to the previous year's survey, which…
Jan. 19, 2023, 7:54 p.m.
News
December Sees 25% Surge in YouTube Gaming Viewership
December 2022 saw Twitch maintain its viewership level from the previous month, reaching 1.6 billion hours, as reported by StreamElements and Rainmaker.gg in their monthly State of the Stream report. However, the platform failed to achieve the two billion hours watched mark, a feat it accomplished in January 2022. Facebook Gaming experienced a 2% decline in December, with 405 million hours watche…
Jan. 19, 2023, 5:07 p.m.
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Roblox Sees Significant User Growth, Reaching 56 Million Daily Users in 2022
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Jan. 19, 2023, 5 p.m.
News
Law Firm Investigates Potential False Advertising Claim Against Activision Blizzard
A law firm specializing in class-action lawsuits is exploring a potential case against Activision Blizzard, alleging false advertising in relation to Diablo Immortal. Migliaccio & Rathod LLP claims that the 'Blessing of the Worthy' legendary gem undergoes detrimental changes as it levels up, constituting a deceptive practice. The firm notes that at level two, the gem has a chance to deal damage e…
Jan. 19, 2023, 2:38 p.m.