Just over a year after the high-profile acquisition of 10 Barrel Brewing by Tilray, the company is facing a significant shake-up. Last week, Tilray, a leading cannabis and beverage conglomerate, announced the layoff of 10 Barrel Brewing’s entire innovation brewing team. This decision impacts multiple roles, including brewing, cellar, and sales positions. The move comes … Read more
Fremantle, the global production company, has laid off all staff at Euston Films, the producer behind shows like “Wreck” and the upcoming “Nightsleeper,” as well as the recently launched documentary label, Undeniable. The future of both labels remains unclear, with neither yet officially shuttered despite having no staff, according to insider sources. Euston Films, originally … Read more
Rocksteady Studios, the developer behind the Batman: Arkham series, has reportedly undergone significant layoffs following the disappointing performance of Suicide Squad: Kill The Justice League. According to sources, multiple departments within the studio were affected, with the QA (Quality Assurance) team being hit the hardest—its numbers reportedly reduced from 33 to just 15 members. These … Read more
Matter Labs, the primary developer behind the Ethereum layer-2 protocol ZKsync, has laid off 16% of its workforce as part of a company-wide restructuring. This decision was made to better align the company’s resources with the evolving needs of developers working on ZKsync, according to CEO Alex Gluchowski’s post on X (formerly Twitter) on Tuesday. … Read more
Dunzo, the hyperlocal delivery platform, has announced significant layoffs, with 75% of its workforce being affected due to financial difficulties, including overdue payments to employees and vendors. According to reports, around 150 employees have been laid off as part of a cost-cutting measure, leaving the company with a core team of just 50 employees focused … Read more
General Motors (GM) announced significant layoffs this week, cutting more than 1,000 employees from its software and services division. This move marks a strategic shift for the automaker, which appears to be refocusing its resources on high-impact investments rather than cost-cutting. Strategic Shift in Focus GM spokesman Kevin Kelly explained that the decision came after … Read more
Payload Studios, the developer behind the popular game TerraTech, has announced a significant reduction in its workforce, with 25% of its staff being laid off. The news was shared by CEO and founder Russ Clarke via LinkedIn, citing the ongoing struggles within the wider gaming industry as the primary reason for the difficult decision. In … Read more
Elon Musk’s Tesla has reportedly laid off nearly 16,000 employees, accounting for over 10% of its global workforce. The mass layoffs have particularly impacted many Indian and Chinese employees who are now facing the pressure of the H-1B visa deadline, which requires them to secure new employment within 60 days to maintain their legal status … Read more
Molecular diagnostics firm Cepheid, headquartered in Sunnyvale, CA, is laying off 626 employees at its main facility and an additional 11 employees at its logistics center in Fremont, CA. The layoffs were disclosed in a Worker Adjustment and Retraining Notification (WARN) filed with the state of California, with the reductions set to take effect on … Read more
Unacademy has laid off 250 employees in a restructuring move aimed at streamlining operations and enhancing business efficiency. CEO and co-founder Gaurav Munjal reassured stakeholders via a post on X, emphasizing that the company is focusing on long-term growth and profitability despite the layoffs. Munjal addressed circulating rumors, stating, “We are building Unacademy for the … Read more