Topic: employee impact
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Sotheby's Data Breach Exposes Client Financial Data
Sotheby's confirmed a significant data breach on July 24, 2025, involving the theft of confidential employee information, including full names, Social Security numbers, and financial account details. The company conducted a two-month investigation and is offering affected individuals a compliment...
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VSCO Cuts 24 Jobs Amid Consumer Business Decline
VSCO has laid off 24 employees as part of a strategic restructuring, shifting its focus toward developing advanced tools for professional photographers due to a decline in its consumer business. The company's CEO noted VSCO has been EBITDA-positive for three of the past four years and claims its ...
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Phil Spencer: Xbox Future Strong Despite Microsoft Gaming Layoffs
Microsoft's gaming division is undergoing significant layoffs, including a 10% reduction at King and additional cuts across European and U.S. studios, as part of broader corporate restructuring. Despite workforce reductions, Microsoft reports strong financial performance, with record revenue of $...
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iRobot CEO: Bankruptcy Is a Reboot, Not the End
iRobot's Chapter 11 filing is a strategic reboot, with a pre-packaged plan to be acquired by its manufacturer, Picea Robotics, to preserve operations and continue product development. The company is shifting from a "tech-first" to a "consumer-led" approach, accelerating development with Picea to ...
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Metal: Hellsinger Developer The Outsiders Shuts Down
The Outsiders, developer of Metal: Hellsinger, is being shut down by parent company Funcom, ending its ten-year operation as announced by founder David Goldfarb. This closure is part of broader company-wide layoffs at Funcom, following the successful launch of Dune: Awakening, and affects all sta...
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