Steam & Epic Games | DailySony triggers layoffs at Bungie, and even Marathon isn't safe, major restructuring hits the studio hard 🔥
An undisclosed number of employees are out as the company tries to correct its long-term direction. Hella uncertain times
Hacker NewsVenezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#HackerNews #Venezuela #Debt #Crisis #Maduro #Restructuring #Economics #Finance
tech news ᳇ eicker.news#Oracle laid off 21,000 #employees, nearly 13% of its #workforce, over the past year due to #AI related #restructuring. The company spent $1.8 billion on restructuring costs, including severance payments. This move aligns with broader industry trends, as tech giants like Meta, Google, Microsoft, and Amazon also face pressure to optimise their workforce for AI advancements. https://www.cnbc.com/2026/06/23/oracle-ai-job-cuts-layoffs-21000.html?eicker.news #tech #media #news
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11 bit studios laid off about 8% of its staff, 20 employees let go as part of a production plan review. Current projects are safe though. The only announced game is Frostpunk 1886, due in 2027. Everything else is early concepts and process restructuring. Tough business moves 🤨
#SteamAndEpic #Everything #Frostpunk #Current #Tough #Restructuring
Orinoco Tribune [Unofficial]Diosdado Cabello on ‘State Re-Engineering’: Workers Will Not Be Laid Off (+Amnesty Law)
Pirates.BZ Tech Startup News#PayPal is winding down its venture arm, #PayPalVentures, as part of a broader corporate #restructuring under new CEO #EnriqueLores. The venture team, established in 2016, has seen its headcount shrink significantly and is exploring potential #sales of its positions. This move comes after the previous CEO’s departure and amid efforts to refocus the company on its core business and achieve significant cost savings. https://fortune.com/2026/06/16/paypal-ventures-wind-down-corporate-restructuring-enrique-lores/?Pirates.BZ #Pirates #Tech #Startup #News
⚠️ Report: the head of XBOX, Asha Sharma, wants to speed up big releases and shift investment toward core franchises like Halo, Fallout and The Elder Scrolls.
According to The Information, the next fiscal year's budget (starting in July) will stay flat, so Sharma plans to cut spending on less-promising studios and projects to fund faster AAA development. Microsoft's top brass have reportedly approved the strategy, but full...
#SteamAndEpic #Sharma #July #RESTRUCTURING #Information #Microsofts
CBC BusinessCanada Post records Q1 loss of $205 million amid major restructuring
The loss comes amid an ongoing labour dispute with workers that the Crown corporation attributed in part to the downturn in its parcel business.
https://www.cbc.ca/news/business/canada-post-q1-loss-2026-9.7216987?cmp=rss
The loss comes amid an ongoing labour dispute with workers that the Crown corporation attributed in part to the downturn in its parcel business.
https://www.cbc.ca/news/business/canada-post-q1-loss-2026-9.7216987?cmp=rss
Games BrieflyFormer Embracer CEO Lars Wingefors defends the Fellowship Entertainment spin-off as the best long-term strategy amid the company's massive restructuring.
