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Layoff

AI’s economic impact in 2024: A double-edged sword
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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
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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
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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
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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%
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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...
Ava Labs lays off ‘substantial’ portion of its workforce
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8 November, 2023

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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