Tag

Mass Layoffs

All articles tagged with #mass layoffs

business20 days ago•5 min saved

EA goes private after $55B buyout; debt load and cost cuts spark anticipated layoffs

Electronic Arts has completed a $55 billion leveraged buyout led by the Saudi Public Investment Fund with Silver Lake and Affinity Partners (led by Jared Kushner), taking EA private and paying $210 per share to stockholders. The deal adds about $18 billion in debt and has the new owners planning roughly $700 million in annual cost cuts, including organizational efficiencies, which has sparked expectations of mass layoffs as the company restructures under private ownership.

via Eurogamer.net|

#affinity-partners #business #ea

business3 months ago•13 min saved

MindsEye Studio Downsizing Deepens as BARB Cuts Hit 170

Roughly 170 employees at MindsEye, the studio within Build A Rocket Boy, were laid off—leaving about 80 of 250 staff—marking the third round of cuts this year and following the closure of Build A Rocket Boy France. The moves come as the company pursues a MindsEye turnaround tied to its Everywhere project, with co-CEO Mark Gerhard attributing the layoffs to 'organized espionage and corporate sabotage' and former staff confirming departures on LinkedIn.

via Kotaku|

#barb #build-a-rocket-boy #business

technology6 months ago•4 min saved

Ashes of Creation in Turmoil as Director Resigns and Mass Layoffs Hit Intrepid Studios

Intrepid Studios’ Ashes of Creation is reportedly undergoing mass layoffs after director Steven Sharif resigned in protest of board-directed decisions he could not ethically support, with multiple senior staff also departing. The company confirmed leadership upheaval and issued WARN Act notices, while the MMO remains in ongoing alpha and Early Access on Steam, with a development livestream planned and ongoing governance questions surrounding its future.

via PCGamesN|

#ashes-of-creation #intrepid-studios #mass-layoffs

gaming6 months ago•7 min saved

Ashes of Creation Shaken by Leadership Walkout and Mass Layoffs

Steven Sharif resigns in protest over board decisions he says he cannot ethically support, triggering mass resignations of senior staff and WARN-act layoffs at Intrepid Studios; communications chief Margaret Krohn confirms she is leaving, leaving Ashes of Creation’s future uncertain as it remains in early access.

via Eurogamer|

#ashes-of-creation #gaming #intrepid-studios

politics11 months ago•2 min saved

White House Prepares for Federal Layoffs Amid Shutdown Deadlock

The Office of Management and Budget has instructed federal agencies to prepare for mass layoffs in case of a government shutdown, citing potential funding gaps and ongoing political disagreements between Republicans and Democrats over budget and health care issues. The memo indicates agencies may implement permanent layoffs through reduction-in-force notices if negotiations fail, with the shutdown deadline set for September 30.

via PBS|

#budget-negotiations #federal-agencies #government-shutdown

politics11 months ago•5 min saved

White House Warns of Mass Federal Layoffs Amid Shutdown Threats

The US government faces a shutdown threat with the White House planning to permanently lay off federal workers in programs not aligned with Trump's priorities if funding lapses, escalating political tensions and risking economic disruption, especially for federal employees and the labor market.

via Bloomberg.com|

#budget-crisis #federal-workers #government-shutdown

world1 year ago•2 min saved

Over 450 Diablo Developers Vote to Unionize Amid Job Security Concerns

Over 450 Blizzard Diablo developers voted to unionize under the CWA following mass layoffs, aiming to improve job security and industry conditions amid a climate of uncertainty and instability, with Microsoft recognizing the union.

via GameSpot|

#blizzard #cwa #diablo

government1 year ago•4 min saved

Federal Appeals Court Approves CFPB Mass Layoffs

A federal appeals court has allowed the Trump administration to proceed with plans to drastically reduce the Consumer Financial Protection Bureau's workforce by 80%, amid ongoing legal challenges and concerns about the agency's ability to fulfill its mandated functions.

via Federal News Network|

#cfpb #federal-appeals-court #government

politics1 year ago•2 min saved

Supreme Court Approves Trump’s Education Department Layoffs

The Supreme Court allowed President Trump to proceed with his plan for mass layoffs at the Education Department, lifting a lower court’s injunction, amid ongoing legal disputes over the department's dismantling efforts, which some argue threaten the agency's existence and violate separation of powers.

via CNN|

#education-department #legal-challenge #mass-layoffs

us-politics1 year ago•20 min saved

Court Blocks 'Click to Cancel' Rule Amid Bureaucratic Hurdles

The US government is undergoing significant changes, including the state department's plan to lay off nearly 1,800 staff as part of a major restructuring, a new bill to enforce the 'click-to-cancel' rule for subscriptions, and various political and legal developments involving the Trump administration, immigration issues, and congressional actions. Additionally, there are protests against federal immigration raids in California and concerns over climate assessment reports being removed by the Trump administration.

via The Guardian|

#click-to-cancel #fema #mass-layoffs

government1 year ago•6 min saved

Supreme Court Approves Trump’s Federal Workforce Restructuring

The Supreme Court has allowed the Trump administration to proceed with plans for mass layoffs and reorganizations across 19 federal agencies, despite ongoing litigation and previous court orders blocking such actions, raising concerns about the impact on government services and the separation of powers.

via The Washington Post|

#federal-agencies #government #mass-layoffs

government1 year ago•3 min saved

Supreme Court Approves Trump’s Federal Workforce Downsizing

The Supreme Court approved the Trump administration's plan to lay off tens of thousands of federal employees and downsize agencies without congressional approval, overturning a lower court order that blocked these layoffs. The decision highlights ongoing legal debates over the authority of the president versus Congress in federal agency reorganizations.

via Los Angeles Times|

#congress #executive-power #federal-employees

world1 year ago•1 min saved

State Department Readies for Potential 2,000 Job Cuts Amid Legal and Political Tensions

The U.S. State Department faces low morale and employee frustration due to planned mass layoffs of over 15%, amid increased workload and international crises, as Secretary Marco Rubio pushes for restructuring to reduce what he calls a bloated bureaucracy.

via The Washington Post|

#mass-layoffs #middle-east #morale

world1 year ago•6 min saved

Voice of America faces mass layoffs amid administration cuts

The Trump administration has announced mass layoffs at the U.S. Agency for Global Media, significantly impacting Voice of America and related networks, raising concerns about press freedom and the safety of foreign journalists working for U.S.-funded outlets amid political retribution fears and the imprisonment of journalists in various countries.

via NPR|

#journalists #mass-layoffs #press-freedom

politics1 year ago•2 min saved

Trump seeks Supreme Court approval for federal layoffs

The Trump administration has returned to the Supreme Court with an emergency appeal to reverse a lower court order that blocked mass layoffs and reorganizations at federal agencies, a case that tests the president's authority over federal staffing. The case follows an executive order signed by Trump in February to reduce the federal workforce, affecting over 121,000 employees across multiple agencies. The 9th Circuit Court previously ruled that the order exceeded presidential powers, and the Supreme Court's decision could significantly impact the president's ability to reshape the federal government.

via CNN|

#executive-order #federal-workforce #mass-layoffs