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
Tag: cuts
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
‘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
Google cuts 12,000 jobs in latest round of big tech layoffs
As of August 2020, Google has announced a major restructuring of its workforce, cutting 12,000 jobs across the globe. This marks the latest round of swathes of layoffs among big tech companies this year. Google’s 12,000 employees, equating for about 2% of their workforce, are primarily from their ‘smart devices and services’ business, which covers… Continue reading Google cuts 12,000 jobs in latest round of big tech layoffs