Columbus, OH

Despite layoffs, Bungie will continue to focus on Destiny and Marathon, with new IP managed by PlayStation Studios. Rising game development costs and global economic uncertainty led to Bungie's layoffs and quality issues. Bungie's acquisition by Sony in 2022 did not prevent layoffs, with rumors of a possible PlayStation takeover...

Bungie to Lay Off Over 200 Employees, Integrate Further into PlayStation

Bungie has announced that the PlayStation studio is undergoing another mass layoff which will affect 220 people which accounts for around 17% of the total workforce. The reasons for the mass layoff are rising developmental costs and “industry shifts” and it is being called a difficult change that had to be made. Major structural changes, including a new PlayStation studio and a new game, will follow this mass layoff.

Bungie Is Firing Over 200 Employees & Creating a New PlayStation Studio

Indy100

Video game studio Bungie, responsible for developing live action service shooter Destiny 2, has cut 220 jobs with a number of those employees laid off sharing their heartbreak on social media.Every level of the company is affected, including executive and senior roles, according to a statement by Pete Parsons, managing director of Bungie, on July 31.Parsons described the decision as "some of the most difficult changes we've ever had to make as a studio" and that development will now be focused just on Destiny and Marathon.He confirmed 220 jobs would be cut, around 17 per cent of Bungie's workforce.Parsons said:...

Destiny 2's Bungie studio employees share heartbreak on social media as company cuts 220 staff

Bungie, the developer behind Destiny 2, announced it will lay off 220 employees, about 17% of its workforce. The decision, described as a “new path” for the studio, has sparked significant backlash. CEO Pete Parsons cited financial challenges and economic conditions as reasons for the layoffs. However, current...

Report: Bungie Faces Harsh Criticism After Layoffs, CEO Pete Parsons Under Fire for Vehicle Purchases

Destiny 2 studio Bungie announced 220 employees were being laid off on July 31, 2024, the decision leaving the player base fuming and many calling for CEO Pete Parsons to step down. Bungie reported that roughly 17% of its studio was being laid off. 220 staff were revealed to have...

“Inexcusable” Bungie layoffs have Destiny 2 players calling for CEO to step down

Jeff Bezos is selling 25 million Amazon shares worth $5 billion, according to a regulatory filing on the day the tech giant’s stock hit a record high. The proposed sale on Tuesday came as Amazon’s stock closed at $200 per share, its highest price since Amazon’s 1997 NASDAQ listing.

Jeff Bezos selling $5B worth of Amazon shares as company’s stock hits all-time high

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Emily Standley Allard

If you’ve ever wondered why your partner or mate was so gosh darn easy to love, or on the flip side impossible to love at times, their sun sign could give you some important clues! I’ve definitely been in relationships that have tested my patience to the limits and other ones that have been a smooth sailing ride. The answers just may be in the stars! Read on to discover the zodiac signs according to Astrology.com that are the easiest to the hardest to love.

The Zodiac Signs Ranked Easiest to Hardest to Love

Business Times

Intel Corporation is preparing to cut thousands of jobs as part of a strategy to finance its recovery and address eroding market share, according to a report by Bloomberg News. The move is expected to help the company cope with financial challenges and intensify its efforts to regain competitive ground in the semiconductor industry.

Intel Plans Thousands of Job Cuts Amid Financial Struggles and Market Share Losses

CBS News

Big Lots plans to shutter three times more stores than it will open in 2024, with the discount retailer pointing to a retreat in spending by its bargain-hunting base."We currently expect to open three stores and close 35 to 40," the Columbus, Ohio-based retailer stated in a regulatory filing with the Securities and Exchange Commission. The company also said it expects further operating losses and cited "substantial doubt" about its ability to continue as a going concern. The retailer's distress call came amid other indications that inflation-weary Americans are tightening their belts and spending less, with U.S. economic growth slowing in...

Big Lots to close up to 40 stores, and its survival is in doubt

A dozen time-tested businesses have announced and/or completed a stock split since 2024 began. Two ultra-popular stock-split stocks with nosebleed valuations are rife with red flags and worth avoiding. Meanwhile, a legal monopoly with a historically inexpensive valuation is begging to be bought by opportunistic investors. Among Walmart, Nvidia, Amphenol,...

1 Phenomenal Stock-Split Stock to Buy Hand Over Fist in August, and 2 to Absolutely Avoid

“Our revenues have not grown as expected – and we’ve yet to fully benefit from powerful trends, like AI,” said CEO Pat Gelsinger in a memo to employees. “Our costs are too high, our margins are too low. We need bolder actions to address both – particularly given our financial results and outlook for the second half of 2024, which is tougher than previously expected.”

Intel to lay off 15,000 employees

Chicago, IL

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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?

Microsoft has opted to provide a special one-time cash bonus to its workforce in recognition of their contributions over the last fiscal year. According to a report from GeekWire. The decision comes after the company reported strong financial results, marking a notable end to its 2024 fiscal year. Employee Recognition...

Microsoft Employees Get Cash Bonuses Despite Layoffs

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

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

Reuters

LONDON (Reuters) - London Stock Exchange Group's income rose strongly in the first half, beating analysts' expectations, helped by progress with its Microsoft joint venture, as well as a rise in annual subscription value, an indicator of customer retention.

LSEG income surges as Microsoft joint venture moves to next stage

The number of people paying for the world's most popular dating app has continued to slide.

Tinder parent company cuts jobs as subscriber numbers slump

Ken Langone is a billionaire entrepreneur and philanthropist best known for being a founder of Home Depot. One of Langone's most successful investments is in pharmaceutical giant Eli Lilly, a stock he's owned for almost half a century. Langone believes intangible qualities such as loyalty and employee morale are equally...

Home Depot Stock Turned $1,000 Into $17.5 Million, and One of Its Founders Just Revealed His Investing Secrets to Achieve Generational Wealth

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

960 The Ref

Chipmaker Intel Corp. is cutting 15% of its massive 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 CEO Pat Gelsinger said Thursday the company plans to...

Intel to cut roughly 15,000 jobs as it cuts costs to try to turn its business around

NewsBreak

Bungie Lays Off 220 Employees and Forges Stronger Partnership with Sony. „We Were Overly Ambitious, Our Financial Safety Margins Were Subsequently Exceeded”

There have been more major layoffs at the Bungie studio. The downsized team is expected to work even more closely with Sony and focus only on...

Bungie Lays Off 220 Employees and Forges Stronger Partnership with Sony. „We Were Overly Ambitious, Our Financial Safety Margins Were Subsequently Exceeded”

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