Perhaps as soon as next week, upwards of 2,000 workers at CBS, Paramount Pictures, Pluto, Paramount+, and iconic cable networks such as MTV and Comedy Central will be told that they no longer have jobs. A letter will go out from Paramount CEO David Ellison or one of his underlings expressing sadness over this turn of events and likely lamenting that these layoffs were unavoidable, the result of "radical shifts in the entertainment industry" that necessitated dramatic cost reductions.
Ubisoft's Massive Entertainment, the developer of The Division series, Star Wars Outlaws and Avatar: Frontiers of Pandora is offering some employees volunteer buyouts as it attempts to "realign" its teams, the company said in a post on X. The move is designed to "strengthen our roadmap," Massive wrote, as it focuses on The Division series along with its Snowdrop engine and Ubisoft Connect. Ubisoft notably didn't mention Star Wars and Avatar in that statement, an omission that may effectively spell the demise of those franchises.
After leaving StubHub to join Fandom in 2019, Miller oversaw the company's $50 million acquisition of a number of entertainment content platforms from Red Ventures including TV Guide, Metacritic, GameSpot, and Giant Bomb. At the time, Miller said that the deal was meant to "expand our business capabilities and provide immersive content for our partners, advertisers and fans." The deal also led to multiple rounds of layoffs for the editorial staff at some of Fandom's newly-acquired properties.
Point32Health announced it is laying off 254 employees on Monday, its second round of reductions this year. The non-profit company said in a statement that the layoffs are part of an effort to reduce administrative costs as it continues to experience unprecedented increases in medical care and pharmaceutical costs. Point32Health also cut 110 jobs in March. The company has about 4,000 employees, it reports on its website.
RAND Corp., a Santa Monica-based think tank highly dependent on federal government funding, shed more than 11% of its global workforce on Tuesday, Oct. 21, a spokesman for the nonprofit said late Monday. Just under a third of the layoffs are effective Nov. 2 at the nonprofit's headquarters, according to a filing with the state's Employment Development Department. The layoffs were first mentioned publicly by RAND on career networking website LinkedIn.
Philipp Navratil, who took over after Laurent Freixe was ousted for hiding a relationship with a subordinate, increased Nestlé's target for cost savings to 3 billion Swiss francs ($3.7 billion) by the end of 2027, from 2.5 billion francs. The moves indicate the new CEO is sticking with his predecessor's broader strategy, which included reviews and possible sales of underperforming units.
Tell Us We want to hear from job seekers in Massachusetts about how long you've been looking - and what your experience has been like in today's market. Recent layoffs, tough competition, and slow job growth rates have made this one of the most challenging job markets in years for Massachusetts residents. If you're actively looking for a job right now, we'd like to hear from you. How long have you been on the hunt - weeks, months, a year or more?
The "reductions in force," or RIFs, is the latest blow to the federal workforce, which is already down 200,000 employees this year. Vought announced the layoffs on X, saying, "The RIFs have begun." What they're saying: "We'll be cutting very popular democrat programs that aren't popular with republicans," President Trump said Thursday at the White House. A spokesperson for the OMB confirmed the RIFs have begun and are "substantial." They did not immediately respond to Axios' request for comment specifying which departments were impacted.
The arrogance of leadership to believe they can act with impunity throughout development and the following redundancies has pushed myself and many former and continuing employees to take a stand,
As we wrap up our work on Hyper Light Breaker, we've had to make the difficult decision to part with a number of talented team members. This was not our ideal path, but rather the only one available given the circumstances. While this path will include a conclusion on the project, it reflects broader forces beyond our control, including shifts in funding, corporate consolidation and the uncertain environment many small studios like us are navigating today.
The studio shared the announcement on its official site, and noted that Sackbird is self-funded "for multiple years" without the aid of outside investors. That will allow the team to retain full creative control of their own games. "After years in AAA, we wanted the freedom to take smart risks without waiting for a greenlight or chasing quarterly targets, said Sackbird Studios chief creative officer David Worley in a statement. "We're fully employee-owned and funded, which means we only answer to people who are passionate about games."
