Tag

Layoffs

All articles tagged with #layoffs

business20 hours ago•20 min saved

Disney Tests Voluntary Exit for Senior Executives Amid Cost-Cutting Push

Disney is offering a time-limited Voluntary Early Retirement Offer (VERO) to U.S.-based executives at Director through EVP levels across Disney Entertainment, ESPN, and Corporate who meet a 65-point threshold (age plus years at Disney), with a minimum age of 50 and at least 10 years at the company. Eligible executives can retire with an enhanced package including separation pay up to a year, healthcare at active-employee rates, continued vesting of equity awards for three years, and lifelong Silver Pass access; participation is optional and does not preclude future employment. The program comes as Disney accelerates cost-cutting and ongoing layoffs (over 1,000 announced in April, with more in July). Contractors are excluded, and there will be a defined election window followed by a confirmation period. This is the first such offer in years, following voluntary buyouts in 2001 and 2009.

via Deadline|

#business #disney #executives

business1 day ago•3 min saved

Apple trims 200+ roles to accelerate its AI pivot

Apple is cutting more than 200 jobs—about 100 from the Vision Pro team and 100 from Siri/Intelligent Systems Experience—as it pivots to a new generative‑AI architecture and reshuffles to rebuild Siri. The moves come as Vision Pro underperformed, and AI‑related costs rise due to a memory shortage; Apple says it will create new roles as part of the transition and has meanwhile raised prices on Macs and iPads and introduced a leasing plan to attract customers.

via New York Post|

#ai #apple #business

business1 day ago•41 min saved

AI spending outpaces gains as productivity stalls and jobs shrink

Despite heavy AI investment, executives report no measurable productivity gains; research links AI-driven layoffs to worsened employee sentiment and modest stock responses, while management remains optimistic. Experts urge tying AI gains to employees through training and job security, rather than cutting staff, to unlock true productivity benefits.

via Fortune|

#ai #business #employee-sentiment

business2 days ago•6 min saved

New Stone Brewing ownership shifts production, triggering Escondido layoffs

Stone Brewing’s Escondido operations are being wound down after Sapporo USA sold the brand to Firestone Walker and Duvel Moortgat USA, with production moving to Firestone Walker’s Paso Robles facility and Duvel’s Kansas City facility, prompting about 220 layoffs (58 starting Oct. 19) and the wind-down of the Escondido site’s operations, in what’s part of a broader Southern California business shake-up that also includes Bumble Bee Foods’ Santa Fe Springs plant closure.

via Los Angeles Times|

#business #duvel-moortgat-usa #firestone-walker

business2 days ago•3 min saved

Stone Brewing exits Southern California, relocates production and cuts about 220 jobs

Stone Brewing will close its Escondido locations and relocate production to Paso Robles and Kansas City, resulting in about 220 layoffs (58 in October); one San Diego site will remain open for hospitality and brewing as the brand shifts ownership after Sapporo’s 2022 move and the May sale to Firestone Walker/Duvel Moortgat USA.

via New York Post|

#business #california #layoffs

technology3 days ago•4 min saved

Double Fine Regains Independence From Microsoft as Union Push Fades and Layoffs Hit

Double Fine is officially independent from Microsoft, reclaiming IP ownership and signaling a new phase with publishing rights returning to Compulsion. Tim Schafer outlined a Kickstarter-backed Amnesia Fortnight and a live, backer-driven game jam to prototype new ideas. However, the studio laid off 23 employees, and the prior union push appears withdrawn with little update, leaving the studio’s long-term future uncertain as it seeks new deals.

via Aftermath|

#double-fine #independence #layoffs

technology3 days ago•20 min saved

Apple Restructures Siri and Vision Pro Teams to Accelerate AI Push

Apple is cutting more than 200 jobs across its Siri and Vision Pro teams, including large reductions in Vision Pro’s gaming group and the immersive video unit, as part of a broader realignment to prioritize AI and new devices. The company says some roles will be recreated and others relocated, while it will offer internal transfers. Vision Pro content production will be scaled back in-house in favor of fewer immersive videos and more third‑party content, though Apple stresses Vision Pro and visionOS are not dead. In the near term, Apple will focus resources on future products, with Bloomberg noting a new Vision Pro model could come as early as 2028.}

via Yahoo Finance|

#apple #artificial-intelligence #layoffs

technology3 days ago•5 min saved

Apple Reshapes VR Effort, Slashes Vision Team as AI Wearables Take Center Stage

Apple reportedly laid off at least 60 employees from the Vision Group as part of a broader reorganization, deprioritizing major new enclosed headsets in favor of AI-powered wearables while continuing to invest in visionOS and spatial computing.

via 9to5Mac|

#apple #layoffs #spatial-computing

business3 days ago•85 min saved

Fannie Mae Axes Senior Leaders in Fresh Leadership Shakeup

Fannie Mae fired at least 10 senior executives in a three‑hour purge at its Washington, D.C. headquarters, with AI cited as taking on more work and affecting leaders across multifamily, capital markets, and regulatory affairs. The move follows a broader pattern of turnover at the GSEs, including a CEO transition and large 2025 job cuts, and comes as the company projects a weaker mortgage market through 2026–27.

via Scotsman Guide|

#ai #business #executive-turnover

tech3 days ago•28 min saved

Apple trims Vision Pro and Siri divisions in major layoffs

Apple is cutting more than 200 jobs across its Vision Pro and Siri teams, including largely shutting down the Vision Pro gaming unit and downsizing the Vision Pro immersive-content group. The company says the restructuring is to evolve the business and deliver better experiences, with new roles to be created as it pursues future hardware like slimmer headsets and Apple glasses after the Vision Pro’s 2024 launch.

via The Verge|

#apple #layoffs #siri

technology3 days ago•7 min saved

Apple reportedly downsizes Vision Group by about 60 roles as focus shifts to smart glasses

Apple reportedly laid off about 60 employees from its Vision Group, effectively disbanding the Vision Pro team and redistributing staff to other projects as the company pivots toward smart glasses, with reports of canceling a second Vision Pro and a cheaper “Vision Air,” and a potential headset launch pushed to late 2028.

via MacRumors|

#apple-vision-pro #layoffs #smart-glasses

technology4 days ago•6 min saved

Apple trims Vision Group, pivots from VR toward smart glasses

Apple reportedly laid off at least 60 employees from its Vision Group, signaling a shift away from VR development toward smart glasses and ongoing work on visionOS, with Vision Pro continuing in a downsized capacity.

via AppleInsider|

#apple #layoffs #smart-glasses

business4 days ago•10 min saved

EA's Saudi takeover sparks culture, job-security fears amid debt-fueled expansion

EA’s $55 billion take-private by a Saudi-led consortium including the PIF has ignited worker fears that creative direction and company culture could bend to Saudi interests, a concern amplified by allegations of “pixelwashing” and human-rights issues. Anonymous employees describe a widening exec–staff divide, worry about future layoffs or project cancellations to service a JP Morgan‑backed $20 billion debt, and note that vested stock may cushion some but not all. EA says there will be no immediate layoffs and vows continued investment, but many staff remain skeptical about the deal’s long-term impact on their jobs and on what gets greenlit.

via Game Developer|

#business #ea #layoffs

business5 days ago•5 min saved

Xbox Job Cuts Spark Union Protests Over Bethesda Expertise Drain

Microsoft is cutting about 3,200 Xbox roles (1,600 already eliminated; remaining slated by mid-2027). OneBGS and CWA organized rallies in nine cities to protest the layoffs, representing nearly 4,000 unionized Xbox workers across ZeniMax studios, and the CWA has filed an unfair-labor-practice complaint with the NLRB. Microsoft calls the move a strategic reset, while workers warn that layoffs are becoming an annual issue that erodes veteran knowledge and could affect upcoming titles like The Elder Scrolls VI.

via Wccftech|

#bethesda-game-studios #business #layoffs

news6 days ago•15 min saved

Bethesda Veterans Say Layoffs Spiked After Microsoft Takeover, Rally Gathers Support

Kotaku reports Xbox developers are rallying under the Save Our Devs banner, backed by the One Bethesda Game Studio union and the CWA, to protest widespread layoffs at Xbox studios. They say about 1,600 workers have been laid off so far and more cuts are planned by mid-next year, with claims that layoffs were rare at Bethesda before Microsoft’s involvement. Veterans warn that morale and institutional knowledge are suffering as experienced staff leave, and note they submitted a reduction-in-force proposal months ago without a Microsoft response. An unfair-labor-practice complaint with the NLRB is in progress, while organizers hope the rally galvanizes support and prompts negotiations on layoffs already underway.

via Kotaku|

#bethesda #gaming #layoffs