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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]
It’s one of those wild twists at a time when many layoffs are buried in a big number. The TikTok, by the way, got 1.6M views. ... even as companies like GM remain on track to have fantastic ...
Layoffs.fyi, a website that dutifully tracks job cutting, shows that 263,000 tech employees were cut in 2023 alone. Only 11 days into 2024, there have been 24 tech companies that have laid off a ...
Siding-vinyl windows company closing Pierce County site, state reports. Layoffs total 150 ... The company has more than 4,400 employees nationwide at sites in seven states and operates Alside and ...
The insurance company said at least 2,000 employees would face layoffs, making up some 6% of the firm's workforce. Geico confirms significant layoffs, pushes for return to office Skip to main content
The way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff. If an industry that employs a majority of a region (freight in the northeast for example) suffers and has to lay employees off, there will be mass unemployment in an economically rich area.
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
A report released on Friday showed that 1,991 CEOs have said they are leaving, the most since the firm began tracking such moves in 2002. The year-to-date figure tops the previous record of 1,914