Too little focus 💀💯 Glad their management is open about it 🤣

Product Manager

Tencent Holdings Ltd.'s RiotGames plans to lay off 530 employees, with management saying in a memo that the video game maker has too many projects and too little focus.

Tencent's riot games cut 11% of staff.

Tencent's riot games cut 11% of staff.- Grapevine

microsoft Corp will lay off 1,900 people across its video-game divisions including at Activision blizzard, which it purchased for $69 billion in an acquisition that closed late last year.

Microsoft cuts 1,900 jobs in gaming and at activision as well.

A real money fantasy gaming company based in navi mumbai is all set to lay off more than 70% of its workforce. The employees have already been told to start searching for jobs elsewhere. Layoffs will begin  post October. 
They will most probably put the employees on pip before termination.

Layoffs at a growing Fantasy gaming company based out of Navi Mumbai

Welcome to Software Engineers's Private Community

https://www.bloomberg.com/news/articles/
2024-01-09/amazon-s-twitch-to-cut-500-employees-about-35-of-staff


Super surprised about this one, but seems more due to internal attrition and bad performance by twitch moreso than overhiring correction (~500)

Amazon to cut Twitch staff by 35%

Engineering Manager

170 people impacted 
Link : https://www.theverge.com/2024/1/11/24034705/discord-layoffs-17-percent-employees

Discord lays off 17 % of its workforce

Corporate Strategist

This morning, ShareChat laid off twenty percent of it's entire staff. The laid off employees were locked out of their system and received the communication of their lay off in their personal email. This is the biggest layoff by ShareChat so far. Many of the features of the ShareChat and Moj app have been told to shut down and their entire team is fired. The employees are offered 45 days of severance pay, leave encashment, bonus and are allowed to keep their system with them.

20% layoff at ShareChat

Software Engineer

Welcome to News Discussion's Private Community

According to a report, Amazon will be terminating 10,000 jobs starting this week, which represents less than 1% of its 1.5 million global employees and around 3% of the company's corporate staff.

Amazon to layoff 10,000 employees

Cos like dream 11, games 24x7, Junglee games? Should they be worried too?

Would other companies follow suit as MPL?

Growth Manager

Tesla to fire 10% workforce, 14000 employees brace for sacking.

Tesla Layoff:- Musk company to cut it's staff.

Project Coordinator

After 28% GST, what’s the scene like in the offices of fantasy gaming offices?

Google parent Alphabet on January 20 announced that plans to cut about 12,000 jobs or 6% of its global workforce, Bloomberg reported.

Google parent Alphabet to lay off 12,000 employees, 6% of total workforce

Google to lay off 12,000 employees worldwide

Founder

Welcome to Indian Startups's Private Community

Paytm layoffs

- Discord
- Google
- Beam Benefits
- Amazon
- X
- Twitch
- Humane
- Unity
- Cloudflare (unannounced layoffs, shared by ex-CF folks on LinkedIn, Tiktok)
- Duolingo

Companies that have laid off so far

Recently we saw Paytm making layoffs due to AI.
Are there any other companies that did the same?
People whose companies laid off people due to AI. What kind of automations made it possible?
Is AI actually doing the work or is it just an excuse to lay off people?

Layoffs due to AI

Software Developer

Simpl has laid off over 25 per cent of its workforce, which is around 150-200 employees, this week,
https://www.timesnownews.com/business-economy/companies/layoffs-intensify-another-indian-startup-announces-job-cuts-says-re-looking-headcount-to-prepare-for-new-economic-reality-details-article-99632767

Simpl Layoffs: 25% of its workforce

They fired almost 50% of the workforce

Aug 2022: 20%
Nov 2022: 22%
Feb 2023: 7%

Leaders lie about not having anymore layoffs and they also ensure that we can’t talk about layoffs if we want the severance via NDA.

Affected in Turing layoff number 3

Analyst

Microsoft India earlier laid off a small number of employees in October . The layoffs at India are expected to continue for the next month

Microsoft India To Cut R&D Jobs In Bengaluru, Hyderabad In First Round Of Layoffs

Microsoft to cut jobs at R&D centres

Rupeek has laid off some employees today. Not sure about %

Rupeek layoffs again

HR-Tech platform recently laid off 10% of their workforce and also announced pay cuts for the employees.

Funny how they boast about not having to layoff employees in media.

Tencent's riot games cut 11% of staff.

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