"Unilever said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry's, and cut 7,500 jobs in a new cost-savings programme.
I have a strong feeling that I'll be let go from my job today due to potential layoffs. Folks please let me know if you have relevant Software Engineering positions for me.
I am in the US. I work with Big Data, Java, Python, Golang and various other programming languages.
「 It’s easy to feel adrift, scared for your future, and uncertain about how to behave. Some of that fear is warranted: your job security probably goes down in the months following a reorg. But confusion and chaos aren’t necessarily signs that the reorg will go poorly, and there are things you can do to help give you and your team a better chance of emerging successfully 」
tl;dr: "The recent heavy layoffs largely don't seem to come in service of keeping a company healthy, but are instead aimed at serving something else: the stock market."
Also "As Hanson mentioned, it seemed a lot of companies didn't expect the drop in revenue or investment money from the height of the pandemic, and instead operated as if that huge spike in growth would never end"
Video game companies laid off more than 11,000 people last year and in 2024 so far, a further 8,100 have been laid off. Yet 2023 was a good year for many games businesses in financial terms. GameSpot's Phil Hornshaw dives into what's going on, and how the industry needs to change.
Amid all the media coverage of layoffs in tech and media, you'd be forgiven for thinking the US economy was going through a period of unusually high layoffs. But it's not. Layoffs are actually down compared to pre-pandemic levels.
Damn, it's a REAL bad look for Google to hire a contractor to work on YouTube Music, then when the employees of that contractor vote to unionize, you cut their project, and have security escort them out for being "trespassers".
Lots of talk about the "pandemic boom" but not one mention of rising interest rates which I'd wager is a bigger part of the equation seeing as how #Layoffs are affecting more than just the #VideoGames and #Tech industries. When you live through the better part of 15 years with near 0 interest rates, borrowing so cheaply, then #InterestRates rising again is inevitably going to have an effect. It is very likely that these companies over leveraged themselves on cheap credit and are now feeling the pinch.
What is going on with layoffs in the video games industry?