Topic: staff layoffs
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Bending Spoons Consolidates Content Creation Again
Bending Spoons, an Italian tech firm, has acquired a diverse portfolio of popular digital platforms, including WeTransfer, Vimeo, and Evernote, raising concerns about the future stability and direction of these tools for creative professionals. The company's acquisition strategy has led to signif...
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Meta May Slash Metaverse Budget by a Third in 2024
Meta is reportedly planning significant budget cuts, potentially up to 30%, for its metaverse division, which includes Quest VR headsets and Horizon Worlds, signaling a strategic pivot away from this core vision. The company is shifting its focus toward artificial intelligence and AI superintelli...
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Funcom Lays Off Staff, Shuts Down Studio Amid Dune: Awakening Development
Funcom is restructuring with employee layoffs and closing The Outsiders studio, despite the success of *Dune: Awakening*, which sold one million copies and became its fastest-selling title. The restructuring aims to reallocate resources for *Dune: Awakening*'s transition to long-term live operati...
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Hyundai's Supernal eVTOL venture stalls after leadership exodus
Hyundai's electric air taxi venture, Supernal, has paused aircraft development after significant leadership departures and staff reductions. The company is reassessing its commercial timeline under new leadership, following its first test flight and amid broader industry challenges. Hyundai inten...
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Splitgate 2 Beta Return Leads to Layoffs and Server Shutdowns
Splitgate 2 is being rolled back into beta after its rushed launch, with developers admitting critical errors and promising major reworks, including revamped progression and portal mechanics. 1047 Games laid off 45 employees amid the game's struggles, highlighting the emotional and financ...
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