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The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [17]
A layoff [1] or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees ...
See the list of companies letting workers go in 2025. Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance ...
Multinational telecoms company BT Group announces that it will layoff 55,000 employees across its global workforce citing a significant drop in revenue in 2024 and "challenges in international markets". (Business Plus) Disasters and accidents. 2025 California wildfires. January 2025 Southern California wildfires
[252] 53 more stores were added to the closing list in April 2024. [253] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [254] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [255] Rockport filed for bankruptcy in May 2018. The company that bought the ...
Layoff, the temporary suspension of workers from work; Lay off (cards), to add cards to an existing meld in games like rummy; See also
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A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...