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Layoff
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
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
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
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%
Meta has instructed Reality Labs to cut its budget by 20% by 2026, just weeks after reorganizing its metaverse division...
Ava Labs lays off ‘substantial’ portion of its workforce
Ava Labs founder Emin Gün Sirer confirmed on X that there was a ‘reduction in force’ at the blockchain company,...
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