The PlayStation Store’s Summer Sale is here, and gamers couldn’t be more thrilled. This annual event sees some of the biggest and most highly anticipated games of the year being offered at amazing discounts. With titles like Elden Ring and Red Dead Redemption 2 included in this year’s sale, players have plenty of reasons to… Continue reading Elden Ring, Red Dead Redemption 2, and more see big price cuts in PlayStation Store’s Summer Sale
Category: cuts
Leading Lab-Grown Meat Company Cuts Dozens of Jobs
Leading Lab-Grown Meat Company Cuts Dozens of Jobs In a surprising move within the alternative protein industry, one of the leading lab-grown meat companies has announced a significant reduction in its workforce. The decision has sent shockwaves throughout the industry and raised questions about the future of the lab-grown meat sector. Lab-grown meat, also known… Continue reading Leading Lab-Grown Meat Company Cuts Dozens of Jobs
Chicken Soup for the Soul Entertainment cuts costs a year after buying Redbox
In September of last year, Chicken Soup for the Soul Entertainment (CSS Entertainment) acquired the popular movie-rental chain Redbox for $158 million. Only a year later, CSS Entertainment has made significant cost-cutting moves as it looks to diversify its business and maintain profitability in a competitive market. The newly formed company has closed 210 underperforming… Continue reading Chicken Soup for the Soul Entertainment cuts costs a year after buying Redbox
Discord cuts 4% staff as part of company reorganization
Discord, an American chat application aimed at gamers, recently announced it would be cutting four percent of its staff due to a company reorganization. In an official statement made on the Discord website, co-founder and CEO Jason Citron explained: “After careful consideration, we have decided to focus our resources and restructure our workforce slightly to… Continue reading Discord cuts 4% staff as part of company reorganization
Sequoia Capital cuts crypto, ecosystem funds by over 50% as it continues to downsize
As more cryptocurrencies come to market, venture capital firms remain wary of the volatile asset class. One of the biggest players in the crypto space, Sequoia Capital, is taking this seriously, and is reportedly cutting its crypto and blockchain ecosystem funds by more than half. The move appears to be part of a larger effort… Continue reading Sequoia Capital cuts crypto, ecosystem funds by over 50% as it continues to downsize
Twitter cuts off Substack embeds and starts suspending bots
The world of technology has just seen one of the most intriguing and punishing measures taken recently as Twitter has made a major move to cut off the ability for Substack writers to embed tweets in their articles and blog posts, and began suspending accounts related to a major bot network. The repercussions of these… Continue reading Twitter cuts off Substack embeds and starts suspending bots
Disney cuts metaverse division as part of broader restructuring
In an unexpected move, The Walt Disney Company recently announced it is scaling back its metaverse division, part of a broader restructuring effort for the iconic entertainment giant. The division, which had been growing rapidly since its inception over three years ago, was responsible for the development of new interactive virtual experiences and the implementation… Continue reading Disney cuts metaverse division as part of broader restructuring
Roofstock valued
Roofstock, the Oakland, California-based company that provides technology for real estate investing and management, announced its second round of layoffs on May 13th. In the last year, the company had achieved a billion-dollar valuation, but now faces considerable challenges as the coronavirus pandemic continues to upset markets and economies worldwide. As part of its second… Continue reading Roofstock valued
Elon Musk keeps laying off Twitter employees after saying cuts were done
Elon Musk, the CEO of electric car company Tesla Inc., appears to have reversed his earlier statements about payroll cuts at the company. After previously announcing there would be “no further layoffs,” Musk is once again laying off Twitter employees. Amid the novel coronavirus pandemic, Tesla announced their “temporary pay cuts” earlier this year, including… Continue reading Elon Musk keeps laying off Twitter employees after saying cuts were done
‘Zoomies’ After
As millions of people around the world continue to rely on tech giants like Zoom for their education, meetings, happy hours, and so much more, the company recently announced it was cutting 1,300 of its full-time employees, known as “Zoomies.” The shock announcement came shortly after the company previously revealed its quadrupled yearly revenue for… Continue reading ‘Zoomies’ After