Pfizer has laid off 75 employees at its Sanford, North Carolina, facility, marking the second round of workforce reductions in connection to its failed Duchenne muscular dystrophy (DMD) gene therapy trial. This follows an earlier cut of 150 positions at the same site just three months ago, underscoring the company’s financial strain after the unsuccessful … Read more
NCSoft, the South Korean game developer, has laid off an undisclosed number of employees as part of a “broader internal reorganization.” The company announced that certain development projects and support functions would be downsized or closed to improve resource allocation efficiency. As part of the restructuring, NCSoft is offering a voluntary retirement program and reassigning … Read more
Intel has laid off more than 2,000 employees across the U.S., with 1,300 workers from its Hillsboro, Oregon office among those affected. The layoffs are part of Intel’s broader strategy to cut 15 percent of its global workforce, following a disappointing second quarter. The Oregon site, which plays a key role in research and development … Read more
ABS-CBN Corp., led by the Lopez family, has laid off around 100 employees, or about 3 percent of its workforce, as the media giant continues to face financial challenges due to declining advertising revenues. The layoffs were confirmed in a statement on Wednesday, with the company expressing gratitude to the affected employees for their years … Read more
Riot Games, the studio behind League of Legends, has announced another round of layoffs, despite also promising future growth for the League team. In a post on X, co-founder Marc Merrill shared that the company is restructuring to enhance the League experience, leading to the elimination of several roles. Merrill emphasized that the layoffs, which … Read more
Fashion retailer Love, Bonito has laid off approximately 6.9% of its global workforce, impacting 29 corporate roles. The company confirmed that 14 of these positions were in Singapore. In a statement responding to CNA’s query on Thursday (Oct 17), CEO Dione Song said that affected employees will receive a severance package in line with local … Read more
Meta, the parent company of Facebook, has initiated another round of layoffs, affecting employees across several key teams, including Instagram, WhatsApp, and Reality Labs. This move comes as part of the company’s ongoing efforts to reallocate resources and align with its long-term strategic goals. Meta confirmed the job cuts to Euronews Next, stating that some … Read more
Boeing’s newly appointed President and CEO, Kelly Ortberg, has announced plans to reduce the company’s workforce by approximately 10% over the next few months as it grapples with significant financial challenges. The job cuts will affect employees across all levels, including senior management. This decision comes as Boeing faces pressure from multiple fronts, including development … Read more
ByteDance, the parent company of TikTok, has announced layoffs affecting hundreds of employees, primarily in Malaysia, as part of a strategic move to enhance its AI-driven content moderation efforts. On Friday (Oct. 11), the company revealed that around 500 staff members, mostly from the content moderation teams, were laid off. The employees were reportedly notified … Read more
Nikola Motor, the manufacturer known for its fuel cell trucks, has announced another round of layoffs, cutting 15% of its workforce. This comes on the heels of significant layoffs earlier in 2023, when 270 employees were let go in June, following a reduction of 100 employees in November 2022. The company has been facing mounting … Read more