Layoff

AI isn’t taking your job—CEOs are
-
9 June, 2025

AI isn’t taking your job—CEOs are

AI is perceived as threat to jobs, but reality paints a different picture, with execs masking it as a forward-thinking...
AI’s economic impact in 2024: A double-edged sword
-
27 December, 2024

AI’s economic impact in 2024: A double-edged sword

Artificial Intelligence is revolutionizing the world, creating more efficient industries and generating massive revenue for firms, but using the tech...
Foundry lays off staff as Marathon, Hive expand
-
11 December, 2024

Foundry lays off staff as Marathon, Hive expand

Foundry laid off a quarter of its workforce as it spun off from DCG, while Marathon acquired a Texas windfarm...
Axie Infinity maker Sky Mavis trims 21% of workforce
-
28 November, 2024

Axie Infinity maker Sky Mavis trims 21% of workforce

Sky Mavis CEO Nguyen Trung insisted that the layoffs aren’t due to financial constraints, but Axie Infinity NFTs have lost...
Alibaba lays off dozens from metaverse department: report
-
7 November, 2024

Alibaba lays off dozens from metaverse department: report

Alibaba joins fellow Chinese tech giant Baidu in scaling down its interest in the metaverse, with AI replacing the hype...
Meta reins in metaverse ambitions, cuts budget by 20%
-
26 July, 2024

Meta reins in metaverse ambitions, cuts budget by 20%

Meta has instructed Reality Labs to cut its budget by 20% by 2026, just weeks after reorganizing its metaverse division...
Advertisement