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Paramount Global . Paramount Global laid off about 800 employees, or roughly 3% of its workforce, sources familiar with the matter told Yahoo Finance.The cuts, which took place on Feb. 13, come as ...
Jen Glennon resigned her position as editor in March 2024, citing an opposition to G/O Media's desire for the site to deprioritize news and instead focus on producing game guides. [31] In July 2024, it was reported that Kotaku Australia would shut down as part of a cost-cutting effort from third-party publisher Pedestrian Group. [32]
G/O Media Inc. is an American media holding company [1] that owns and operates the digital media outlets Kotaku, The Root, The Inventory, and Quartz. [2] [3]It was formed in 2019 after the private equity firm Great Hill Partners purchased two digital portfolios from Univision: Gizmodo Media Group (Gizmodo, Jezebel, Deadspin, Lifehacker, Splinter, The Root, Kotaku, and Jalopnik) and the Onion ...
Some media outlets compared the 2023-2024 layoffs to the video game crash of 1983, when the US video game market collapsed due to an oversaturation of poorly made, low-quality games, causing the video game industry to enter a recession for two years. This has sparked discussions about a potential "second video game crash."
Amazon's latest round of layoffs reflect a climbdown from its earlier COVID-era ... 2024 at 9:29 AM. ... Read the latest financial and business news from Yahoo Finance. Show comments. Advertisement.
The Cary-based company says it reduced its total workforce by around 1% last year. 2024 is seeing more restructuring. Latest SAS reorganization cuts jobs within Cary software company’s retail ...
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It seems the 2024 layoffs may be a continuation of layoffs in 2023. It depends on how sources describe it, but it may be worth expanding the scope to extend from 2023-2024 if sources consider it one event. Game industry layoffs may be a part of broader tech sector layoffs. I read some articles that described it as such. Consider exploring that ...