Topic: company restructuring
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Snap Splits Into 'Startup Squads' Amid Ad Revenue Slowdown
Snap Inc. is restructuring into small "startup squads" to boost innovation and compete more effectively, as announced by CEO Evan Spiegel. The company faces challenges with stalled ad revenue growth and a decline in daily active users in North America, its key market. Snapchat+ has emerged as a b...
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2025 Tech Layoffs: The Complete List & Analysis
Over 22,000 tech employees have been laid off in 2025 due to economic pressures, strategic shifts, and increased automation and AI integration. Major companies like Cisco, Oracle, Peloton, Microsoft, and Google have implemented significant workforce reductions as part of restructuring and cost-sa...
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2025 Tech Layoffs: The Complete List
The technology sector has seen over 22,000 job cuts in 2025, driven by companies prioritizing AI integration and operational efficiency, with February alone accounting for more than 16,000 layoffs. Major tech firms like Google, Microsoft, and Amazon conducted significant workforce reductions, oft...
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Hyundai's Supernal Loses More Execs in Air Taxi Shake-Up
Hyundai's electric air taxi venture Supernal is undergoing a significant leadership transition, with key executives including the Chief Strategy Officer and Chief Safety Officer departing as part of a strategic reassessment. The company is pausing its core air taxi development program and has fac...
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Layoffs Hit Phil Libin’s Airtime Amid Industry Downturn
Airtime, a video collaboration startup, laid off nearly half its workforce (25 of 58 employees) in a major restructuring, citing an unusually large shift in its seasonal employment model. Employees were surprised by the early layoffs, which disrupted the company's promised transparency under its ...
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Everwild Screenshots Leak, Revealing UI and Gameplay
Everwild, an ambitious multiplayer game announced by Rare in 2019, faced significant development challenges and leadership changes before being canceled in 2024 after nearly a decade in development. Recently leaked development screenshots revealed the game's user interface and features, including...
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