Search results
Results from the WOW.Com Content Network
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.
On July 26, 2024, SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists) initiated a labor strike involving the union’s voice actors and motion capture artists against American video game companies signed to the union’s Interactive Media Agreements over failed renegotiation terms of the contract that had expired in November 2022.
The media and entertainment industry's reckoning continues in 2024 with more layoffs, as rising costs and debt-ridden balance sheets continue to weigh on the embattled sector.
More than 900 business leaders across the country expect significant layoffs at their companies in 2024, according to a survey. Thirty-eight percent of the 906 respondents said they think layoffs ...
Boeing took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs. Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government …
December 14, 2024 at 5:00 AM. ... mounting layoffs and its board resigning en masse, ... American Express stock zoomed 58.4% higher last year. Here's why. Finance. Benzinga.
Offshoring disguised as layoffs in higher-wage countries happening "coincidentally" with hiring in lower-wage countries Firing disguised as layoff (redundancy), where the motive for firing varies, including poor performance, low productivity, or even improper termination, but the employer benefits from not having to justify or document the job ...
Here’s what to know about why tech layoffs are happening and what major tech companies in the Austin area have seen layoffs. ... 2024, down from 133,000 employees in February 2023 — a decrease ...