Prime Video and Amazon Studios will see layoffs affecting several hundred workers, according to an internal memo this morning from SVP Mike Hopkins. In Hopkins’ memo, provided to Deadline by Amazon (read it below), he alludes to a review of the company’s business operations across all of its divisions. As …
Read More »
EXCLUSIVE: Great American Media, the faith and family-focused company that launched in 2021 under Bill Abbott, is the latest to get hit with layoffs. Deadline has learned that roughly 13 people were cut from top jobs on Monday, including Loren Schwartz, Chief Marketing Officer; Jamie Kramer, EVP Digital & Strategic Growth; …
Read More »
In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount …
Read More »
Over the last 2 years, there have been a few cuts within the company as part of its goal to “deliver durable savings through improved velocity and efficiency”. Tech giant Google LLC (NASDAQ: GOOGL) has cut at least 40 jobs in its Google News division. According to those familiar with …
Read More »
While Foodpanda strives to manage its operations, its parent firm, Delivery Hero, is reportedly in early discussions with potential buyers to sell part of the food delivery business. Singapore-based food delivery company Foodpanda is conducting another round of employee layoffs as it strives for increased efficiency and adaptability. The company …
Read More »
CEO and President of the United States arm of crypto giant “Binance” Brian Shroder has stepped down from the company amidst layoffs and declining business. Shroder’s departure comes at a time of uncertainty for Binance.US and several regulatory actions taken against the parent firm in recent months. Binance.US CEO Steps …
Read More »
The impact of regulatory challenges on the exchange’s market share has been notable. Binance.US has experienced a substantial decline in its market presence in the United States. Brian Shroder, the CEO of Binance.US, the American arm of the world’s largest exchange, has resigned from his position as the company grapples …
Read More »
“I know how to change bad news into good news,” Edward L. Bernays, the father of public relations, used to boast. Since he was a nephew of Sigmund Freud, I wonder how he’d find a positive mind-set among today’s practitioners of his craft. During these times of gridlock, PR reps …
Read More »
EXCLUSIVE: It’s a tough time to be a mid-sized unscripted production company right now. A slow-down of greenlights amid cost-cutting within all of the major media conglomerates and seemingly no bump from the writers and actors strike, as many were expecting, has led to doom and gloom across the non-scripted …
Read More »
In addition to the layoffs, Dapper Labs finds itself entangled in a legal battle. The crypto industry has seen a wave of job cuts as companies grapple with a challenging market environment. Dapper Labs Inc, a prominent non-fungible token (NFT) focused company, is the latest to announce a round of …
Read More »
Microsoft will begin layoffs affecting over 270 people including remote workers after thousands of other layoffs since last year. Microsoft Corp (NASDAQ: MSFT) announced a new round of layoffs on Monday to trim its staff strength further. The tech giant confirmed the internal announcement to GeekWire but did not indicate when the layoffs …
Read More »
Despite expressing positive revenue projections for 2023 and accelerating its profitability timeline in February, Grab is now planning a fresh round of layoffs. Grab Holdings, a Singapore-based ride-hailing and food delivery company, is gearing up for its largest round of layoffs since the pandemic, according to a report by Bloomberg …
Read More »