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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.
Sure, 100 people cut from this behemoth seems insignificant, but YouTube’s creator management team holds outsize importance as these folks are responsible for communicating with top creators who ...
The 2024 Summer Game Fest was held at the YouTube Theater in Los Angeles. [40] 11 Sumo Group laid off nearly 250 staff. [41] 12 Take-Two Interactive closed its acquisition of Gearbox Entertainment from Embracer Group for $460 million. [42] [43] 14 Microsoft closed Tango Gameworks. [44] 28 Take-Two Interactive closed Intercept Games. [45] July ...
The media and entertainment industry's reckoning will continue in 2024 with more layoffs underway. Media layoffs: Google, Paramount, Disney, and others commit to job cuts in 2024 [Video] Skip to ...
The copyright claims proceeded to a jury trial, which found for Bungie in May 2024. While Bungie was only awarded around $63,000, the revenue made by the sale of the cheat programs by AimJunkies, the result was considered to be significant as it was the first time a jury trial ruled in game cheating software and could carry as case law in ...
Expedia layoffs impact dozens in Austin. In an attempt to shed 9% of its global workforce, Expedia announced in February that it would be letting dozens of workers in the Austin area go. In a ...
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 ...