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#techlayoffs

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💰 Intel Is Cutting More Than 15,000 Jobs Despite Getting Billions From the US Government - WIRED

「 Intel said today that it will cut 15 percent of its workforce, or more than 15,000 jobs, as it struggles to rebound from disappointing results. In March, the US government said it would give Intel no less than $8.5 billion to help it rebuild its US chipmaking operations 」

wired.com/story/intel-job-cuts

WIRED · Intel Is Cutting More Than 15,000 Jobs Despite Getting Billions From the US GovernmentBy Will Knight

Video game companies laid off more than 11,000 people last year and in 2024 so far, a further 8,100 have been laid off. Yet 2023 was a good year for many games businesses in financial terms. GameSpot's Phil Hornshaw dives into what's going on, and how the industry needs to change.

flip.it/yoqZrj

GameSpotVideo Game Industry Layoffs Are Worse Than Ever. How Did We Get Here?Several factors have come together to make this an incredibly tumultuous time for video game developers, and could have lasting effects on the industry.

Electronic Arts is to cut 5% of its workforce, according to a note to staff from CEO Andrew Wilson. That translates to around 670 of the 13,400-strong workforce. @GIbiz's @BrendanSinclair has more details on the company's restructuring plan, which also includes closing offices and sunsetting certain live games. Wilson said in his note that the company is "moving away from development of future licensed IP that we do not believe will be successful in our changing industry."

flip.it/53HnCq

GamesIndustry.biz · EA cutting 5% of workforceBy Brendan Sinclair

The payment company's CEO #AlexChriss told staff on Tuesday that another 9% of the #workforce — about 2,500 positions — will be slashed. The news comes after #PayPal said it would reduce its headcount by about 2,000 in January last year. #TechLayoffs

PayPal lays off 2,500 workers one week after CEO announces 'new chapter'
businessinsider.com/paypal-job

Insider · PayPal to cut 2,500 jobs, adding to January layoff announcementsBy Paul Squire
Continued thread

Talking about #DEIB efforts in ESG, @venikunche said, “We were making some progress. And then, all of a sudden, it felt like these high-profile CEOs were saying it doesn’t matter. And while some don’t publicly say it, they are absorbing it.”

Sadly, shamefully, #DEI advocacy roles are heavily among the first #TechLayoffs cuts.

Thankfully Veni has created a no-charge, public list of underrepresented talent that have recently been laid off. diversifytech.com/hire

www.diversifytech.comDiversify Tech - Connecting marginalized folks in tech with career opportunitiesGet events, scholarships and job opportunities from vetted companies in your inbox every week

𝐈𝐧𝐭𝐞𝐫𝐬𝐞𝐜𝐭𝐢𝐨𝐧𝐚𝐥 #𝐁𝐮𝐫𝐧𝐨𝐮𝐭: vulnerability to exhaustion, detachment & imposter syndrome experienced by those at the convergence of minoritized gender, racial, disabled, generational, age and/or sexual identities
thenewstack.io/tech-works-why- and FAR more likely to be hit by #TechLayoffs. Thank you @venikunche for offering advice!

The New StackTech Works: Why Burnout and Layoffs Hit Some People HarderMany tech companies are eliminating jobs and rolling back their diversity efforts — and that’s bad news for any member of a marginalized group who’s already working in tech.