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In 1985, the failure of Cornerstone to carve out a place in the business world, combined with flat game sales, led to a period of financial difficulty and layoffs. Finally, in 1986 Infocom was sold to rival game company Activision and Vezza stepped down as CEO.
Cornerstone is a relational database for MS-DOS released by Infocom, a company best known in the 1980s for developing interactive fiction video games. Initially hailed upon release in 1985 for its ease of use, a series of shortcomings and changes in the market kept Cornerstone from achieving success.
After Cornerstone's failure, Infocom laid off half of its 100 employees, [51] and Activision acquired the company on June 13, 1986, for $7.5 million. [2] The merger was pushed by Activision's CEO Jim Levy , who was a fan of Infocom games and felt their two companies were in similar situations. [ 52 ]
Getting ahead was once a cornerstone of the American Dream. Now, many professionals are stepping off the corporate ladder. ... Back in the 1960s, managers had nothing to fear from layoffs, because ...
Key takeaways. CornerStone was previously one of eight approved federal student loan servicing agencies that provided loans nationwide. Although Cornerstone was contracted to service loans through ...
Cornerstone attributed the decrease to fewer actions taken by the DOJ, which filed 11 second requests in fiscal 2023 and spent much of its time prosecuting more high-profile antitrust cases.
In 2012, 150 were facing layoffs at the hospital, [5] and 80 layoffs followed. [6] Some of the layoffs were held off as a buyer was sought to privatize certain departments. [7] Afterwards, plans to privatize and sell the hospital met with controversy. [8] It installed a solar panel system in 2013. [9]
The layoffs are expected to begin in the coming weeks. Fritz Jorgensen/istockphoto. Meta. Meta, the parent company of Facebook, laid off 11,000 employees in November. Though founder and CEO Mark ...