Video game publisher Bandai Namco Holdings is cutting its workforce after canceling several titles due to lackluster demand, according to people familiar with the matter. The Tokyo-based company is taking a traditionally Japanese approach to reducing staff and sending workers to rooms where they are given nothing to do, putting…
Social media platform TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday, as it shifts focus towards a greater use of AI in content moderation. Two sources familiar with the matter earlier told Reuters that…
eBay, the US-based ecommerce giant, is reportedly planning to bow out of the NFT space. As per reports, the platform has trimmed its Web3 team by 30 percent this week. While not a lot is known about eBay’s reported decision, some drama seems to have unfolded between eBay and the…
The global crypto market, that is currently undergoing a slump, could be losing community members who do not have an appetite for risky investments at the time. This impact of the slowdown has been highlighted by crypto exchange CoinSwitch after it laid off 44 employees earlier this month from its…
Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. The tech giant did not immediately respond to a Reuters request for comment. “Last year, we made a significant…
Accenture on Thursday lowered its annual revenue and profit forecasts and said it would cut about 2.5 percent of workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. More than half of the layoffs will affect staff at its…
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