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Embracer Group made multiple layoffs, game cancellations, and studio closures between August 2023 and March 2024 after its $2 billion deal with Saudi Public Investment Fund fell apart. The company reportedly reduced its headcount by 7,761, closed or divested 44 internal and external studios, and decreased the number of game projects by 80.
The "Destiny 2" and "Halo" creator said Wednesday that it would be laying off 220 employees, the result of too much expansion amid a slowdown in the video game industry.
Halo Studios (formerly 343 Industries) is an American video game developer based in Redmond, Washington, part of Xbox Game Studios.Headed by Pierre Hintze, the studio is responsible for the Halo series of military science fiction games, originally created and produced by Bungie, and is the developer of the Slipspace Engine.
The holiday season and company layoffs go hand in hand. As the holidays draw closer, companies are facing lower consumer confidence and are thus evaluating plans for the 2023 fiscal year. See: 95%...
When Paramount Global announced it was pink-slipping 800 employees, roughly 3% of its workforce, on Feb. 13, CEO Bob Bakish praised those sent packing for a job well done. “Your talents have ...
The game made over $500 million in retail sales on the first day of release, setting a record for the biggest first day launch of a new gaming franchise. [49] On November 5, 2013, the company released Call of Duty: Ghosts, which was written by screenwriter Stephen Gaghan. [50] On its first release day the game sold $1 billion into retail. [49]
After Hurricane Katrina, Bungie was one of several game companies to announce its intention to help those affected by the hurricane, with Bungie donating the proceeds of special T-shirts to the American Red Cross; [106] [107] [108] after the 2010 Haiti earthquake, Bungie sold "Be a Hero" T-shirts and donated money to the Red Cross for every ...
The latest job cuts report from employment firm Challenger, Gray & Christmas also showed tech companies led announced layoffs for all of 2022, with 97,171 job cuts expected, a whopping 649% surge ...