Columbus, OH

CGMagazine

Bungie employees have taken to social media following yesterday's mass layoff announcement by CEO Pete Parsons to call for the CEO's resignation.

Former Employees Demand Bungie CEO’s Resignation Following Recent Layoffs

Following the recent announcement by Bungie that they’re laying off 220 employees, some might be shifting the blame at parent company Sony who acquired Bungie back in 2022. It seems, that’s not the case, as former Bungie staffers have spoken out, and from what was shared, Sony’s acquisition was actually a good thing for the studio.

Report: Ex-Bungie Staff Has No Animosity for Sony, States “Alternate History” of Sony Not Buying Bungie Would Mean Insolvency for Studio

TheStreet

The Sony-owned video game company is in hot water over its latest cost-cutting move.

Sony’s Bungie criticized for layoffs after CEO spends millions

Intel CEO Pat Gelsinger announced a huge round of layoffs to cut costs and help the company navigate what he referred to as “tough days ahead.” The company plans to deliver $10 billion in cost savings in 2025, which will include cutting about 15,000 roles, or 15% of its global workforce.

Intel Confirms Huge Layoff To Cut Costs And Navigate ‘Tough Days Ahead’

Another year, another series of layoffs. Bungie CEO Pete Parsons is drawing public attention for his poor leadership — and for lining his own bank account without fail. Since Jan. 2024, well over 10,000 employees have been dismissed from companies worldwide, notably in the video game industry (via GeekWire). As we leap headfirst into the second half of the year, the subsidiary video game company of Sony Interactive Entertainment called Bungie also announced a new round of layoffs on July 31st. This marks Bungie’s second reorganization in nine months, following the dismissal of 100 employees in October of last year.

What is Bungie CEO Pete Parsons’ salary?

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Tinder's parent company, Match Group Inc, plans to cut 6% of its global workforce amid a continued slump in users paying for its most popular dating app. The dating app giant, which also owns Hinge, Plenty of Fish and OKCupid, has revealed an 8% fall in the number of paying Tinder users.

Tinder parent company cuts jobs as subscriber numbers slump

Business Insider

Amazon CEO Andy Jassy says shoppers are pulling back on pricey purchases, and trading down to lower-priced items. It's not a bright outlook.

Amazon just gave a bleak sign about the economy

OpenAI could lose as much as $5 billion in 2024, putting the startup at risk of bankruptcy within 12 months, according to a report. The Sam Altman-led company is spending more cash than it should and that could force it to bankruptcy if it doesn’t get more funding within 12 months, reported The Information.

OpenAI on verge of bankruptcy & heading for $5 billion in losses: Report

New Jersey State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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Florida State

Meteorologist Joe Cioffi

This is going to be a busy weather weekend. We have Tropical Depression 4 which is about to move off the coast of Western Cuba. Once it does so tonight, it will strengthen to Tropical Storm Debbie and head north northwestward offshore of the West Coast of Florida. Tropical Storm Warnings and Hurricane Watches have been posted from Flamingo Key to Appalachacola Florida and over time, additional watches and warnings will be going up for inland areas of North Florida as well as Coastal Georgia and the Carolinas.

Florida & Carolinas about to get hit by a tropical storm or hurricane, Severe weather Georgia to NY

California State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope of the Day, Saturday, August 3rd

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

The fourth largest automaker is cutting costs and reducing headcount in the wake of a bleak Q2 earnings call.

Stellantis threatens layoffs amid poor earnings

Massachusetts State

Dianna Carney

Sandy Paws Rescue Inc., recently introduced Egypt, a remarkable 4 to 5-year-old, 50-pound dog who is filled with love and is searching for her forever family! With a glowing description, Sandy Paws Rescue Inc., a foster-based rescue in Massachusetts, explains, "Egypt is a very happy, affectionate and loving girl once she warms up to the people she loves."

Meet The Happy & Affectionate Dog Looking For Love

Entrepreneur

Venture capitalist Mark Stevens is Nvidia's second-largest shareholder.

He Bought Nvidia Stock in 1993. Now It's the Backbone of His $8.8 Billion Net Worth.

Missouri State

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company...

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

When Jay Chaudhry sold his first company for $70 million, he focused less on his own riches, he says — and more on how the deal could turn dozens of his employees into millionaires. Chaudhry, 65, is known today as the billionaire founder and CEO of Zscaler, a cloud...

65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million

NewsBreak

Bungie cites ‘quality miss’ with Destiny 2: Lightfall amid major layoffs

Destiny 2 developer Bungie is laying off 220 people, CEO Pete Parsons announced Wednesday in a post on the Bungie website. Bungie previously employed more than...

Bungie cites ‘quality miss’ with Destiny 2: Lightfall amid major layoffs

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