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Electronic Arts Says It Is Laying Off 6% of Workforce
The company is also reducing its office-space footprint to focus its spending on the best growth opportunities in the videogame industry. Source link
Disney Lays Off More Than 300 Streaming-Focused Employees in China
The entertainment company began this week to carry out the first wave of its plan to cut 7,000 jobs. Source link
Who is Sergio Ermotti? The Banker Tasked With Saving Swiss Banking
Markets Finance Sergio Ermotti, who remade UBS into one of Europe’s strongest banks, is returning to handle the messy integration of Credit Suisse Source link
Disney Lays Off Marvel Entertainment Chairman Ike Perlmutter
Business Media & Marketing The Nelson Peltz ally remains one of Disney’s largest individual shareholders Source link
Warner Music Group to Cut 4% of Workforce
The label behind Ed Sheeran and Madonna will eliminate 270 jobs as it repositions toward growth in technology. Source link
EV Startup Lucid Cuts 18% of Workforce, Including Some Executives
The maker of high-end electric cars plans to lay off about 1,300 employees. Source link
Disney Eliminates Its Metaverse Division as Part of Layoffs Plan
The unit, once seen as developing a new form of storytelling, had about 50 employees. Source link
Disney to Start Its 7,000 Job Cuts This Week
A second, larger round of notices with several thousand more staff reductions will take place in April. Source link
Fear of Layoffs Is Changing How People Buy Homes
An employment contingency can protect buyers in the event of job losses. Source link
How Big Companies Choose Who Is Laid Off
The process can involve weeks of debate as employee performance and skill sets are reviewed. Source link