layoffs - CybAI news

15 Aug

Sonos, still trying to fix its broken app, lays off 100 employees

stp2y0 CommentsNewsgear, layoffs, news, Sonos

Sonos has laid off around 100 employees on Wednesday, first reported by The Verge and confirmed to Engadget. Workers from the company’s marketing department allegedly bore the brunt of the hit. The cuts come as Sonos tries to simultaneously sell the public on its new Ace headphones and fix the rebuilt Sonos mobile app, which CEO Patrick Spence admitted was the result of his push for development speed.The company confirmed the layoffs in a statement to Engadget. “We made the difficult decision to say goodbye to approximately 100 team members representing 6 percent of the company,” Spence said in a…

13 Aug

Paramount laying off another 15 percent of its US workforce

stp2y0 CommentsNewsentertainment, layoffs, news, paramount+, skydance interactive

Paramount is laying off 15 percent of its US workforce, . This follows a in which total revenue fell short from an expected $7.21 billion to $6.81 billion. The layoffs will impact around 3,000 people.“The industry continues to evolve, and Paramount is at an inflection point where changes must be made to strengthen our business,” company CEOs wrote in a staff memo.Paramount representatives say these cuts will happen in three stages, with layoffs beginning today and 90 percent of all cuts being completed by the end of September. The layoffs will primarily impact employees involved in marketing and communications, though…

08 Aug

Meta shutters its first-party VR game studio Ready at Dawn

stp2y0 CommentsNewsclosing, echo vr, gaming, god of war, layoffs, meta, news, Oculus, playstation 4, psp, ready at dawn, virtual reality, vr

Ready at Dawn Studios, the game studio behind the Echo virtual reality series for the Meta Quest, has been shut down by its parent owner, Meta, effective immediately.Android Central reported Meta’s decision to close Ready at Dawn Studios almost a year and a half after purchasing the game studio. The news comes on the heels of a mid-July report that Meta plans to cut its Reality Labs division’s budget by 20 percent by 2026 when it is reportedly scheduled to release the Meta Quest 4 and Quest 4s, its next VR headsets.Ready at Dawn’s reach in the gaming industry goes all…

01 Aug

Bungie is laying off 220 employees

stp2y0 CommentsNewsbungie, destiny 2, gaming, guerilla, Insomniac Games, layoffs, marathon, Naughty Dog, news, PlayStation 5, ps5, Sony, Video Games

The gaming industry has been plagued with and studio closures and it’s not showing any signs of stopping anytime soon. The latest round of layoffs comes from Sony-owned .Pete Parsons, the chief executive officer for Bungie, announced on its official website that it will eliminate 220 roles “representing roughly 17 percent of its workforce.” Executive and senior leader roles are the ones most affected by this round of layoffs but he also noted “these actions will affect every level of the company.”Parsons blamed the need for layoffs on several factors including the “rising costs of development,” “industry shifts” and “enduring…