#layoffs

#layoffs

Since late 2022, the local biotech industry has experienced a continuous wave of layoffs due to failed trials, slashed drug pipelines, and stock price collapses.

Following congressional approval of the public broadcasting budget cuts last week, GBH put up three words on its digital billboard in Brighton - "Local. Trusted. Defunded." - and the message went viral over the weekend.

"TechCrunch has faced challenges in maintaining growth while trying to stay true to its roots as a publication covering startups and technology."

Shayna Moon, a technical producer who lost her job at Meta, highlighted the challenges of being laid off, stating, "There's all this administrative stuff you have to do when you're laid off from a job." She noted how nice it is to share experiences with people in a similar situation, finding solace in a dedicated group of peers.

The people who make Interior run are just a joy. Given my background in natural resources, in particular with wildlife, I just loved the mission.

"Many companies in the tech industry, including Microsoft, have been moving to flatten their organizations to streamline the decision process," said the 54-year-old.

Nearly 25% of older Gen X and young boomer workers laid off in the past decade haven't found new jobs, with 11% taking pay cuts.

Supermassive Games has announced layoffs as it adjusts its team structure due to a challenging environment in the video game industry, anticipating the loss of up to 36 colleagues.

Following the Redfin acquisition, we carefully reviewed our combined structure, identified overlapping roles and made the difficult decision to streamline teams, a spokesperson wrote.

Droege wrote in the email that the company ramped up capacity "too quickly over the past year" on GenAI, leaving other divisions "under-resourced."

"Most of level design has been wiped, which is crazy since they've spent months building tools to craft levels quicker," a member of King's Farm Heroes Saga team reportedly told Mobilegamerz.biz.

The Trump administration issued reduction-in-force notices to roughly one-third of the workforce in March, but in May a federal judge in Massachusetts issued an injunction after finding the cuts made it "effectively impossible" for Education to carry out its legally required responsibilities.

The company announced that an "issue" with a batch of its flagship drug, known as briquilimab, had messed up two trial cohorts on chronic hives and a trial on asthma.

Sixty-four percent of managers reported using AI tools at work, with 94% of those stating that their usage extends to decisions about direct reports.

"The best people have other opportunities elsewhere and who wants to be on an unstable ship, right? So that's exactly the right question," says Deborah Lovich, a Future of Work fellow at BCG Henderson Institute, Boston Consulting Group's think tank.

The internal team at Zenimax Online Studios had their unannounced sci-fi looter shooter, codenamed Blackbird, cancelled despite initial excitement from Xbox executives.