Fortnite parent company Epic Games in the spotlight as tech layoffs roll on

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Fortnite maker Epic Games is the latest company in the tech layoffs spotlight.

Epic Games is the latest tech company in the layoffs spotlight, joining names like Cisco, Roku, Microsoft, Robinhood, LinkedIn, Spotify, Meta, Amazon, Dropbox, Electronic Arts, Palantir Technologies, Twilio, Zoom, eBay, Okta, Splunk, PayPal, IBM, SAP, Spotify, Alphabet, Intel, Coinbase and Salesforce.

The cuts targeted an unknown number of employees in customer service, support and sales, according to GeekWire. However, 276 workers in the Seattle area will lose their jobs, according to a filing with Washington state’s Employment Security Department. The layoffs were in addition to the 10,000 job cuts the company announced earlier this year.

Spotify In early June, Spotify Technology SA SPOT, -0.14% announced plans to lay off approximately 200 people, or 2% of the company’s workforce. In a post, Sahar Elhabashi, head of Spotify’s Podcast Business, said that the company was expanding its partnership efforts with leading podcasters from across the globe with “a tailored approach” optimized for each show and creator.

“So far we’ve gone through two of the three waves of restructuring and layoffs that we had planned for this year — in our recruiting and technical groups,” Zuckerberg said during an April 26 conference call to discuss the company’s first-quarter results.In November, Meta announced that it would cut 11,000 employees, or about 13% of its workforce, in the first layoffs in the company’s 18-year history.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines