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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.
Roblox, the $19 billion gaming giant, has joined the growing list of tech companies to ditch remote working—and employees who don’t want to work at the company’s physical office in ...
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"The Video Game Industry Is More Successful Than Ever. Why Are the Workers Treated Like Garbage?". Slate.July 30, 2024. The cycles of M&A and subsequent cuts and closures have escalated so profoundly over the past few years ... that Wikipedia has a stand-alone article covering the nearly 21,000 jobs that the gaming sector shed from just the beginning of 2023 up through now.
Defense contractor Northrop Grumman told its employees that about 1,000 jobs could be cut in Southern California after lost a big satellite contract.
Roblox (/ ˈ r oʊ b l ɒ k s / ⓘ, ROH-bloks) is an online game platform and game creation system developed by Roblox Corporation that allows users to program and play games created by themselves or other users.
Planet Labs, which went public in 2021, shed 10% of its roughly 1,000 employees earlier this month, citing the tough economy and the company's overly fast expansion.
A month later, Roblox laid off 30 employees in its talent acquisition, citing a slowdown in hiring. [28] In 2024, Roblox partnered with Google to launch "Be Internet Awesome World," a game designed to teach children about online safety in an interactive way. This initiative extends Google's existing Be Internet Awesome program to the Roblox ...