Source: Microsoft plans to lay off ~9,000 employees, or less than 4% of its workforce, across teams and role types, after cutting ~6,000 in May and 300+ in June
read Phil Spencer's note to staff Bloomberg : Microsoft Cuts 9,000 Workers in Second Wave of Major Layoffs IGN : Microsoft Makes Significant Layoffs Across Gaming Division, Xbox Boss Phil Spencer Conf...
Filing: Satya Nadella was paid $79.1M during the FY ending June 30, up from $48.5M YoY; compensation was reduced by $5M+ due to Microsoft's security issues
while company fired nearly 2,500 workers Derek Strickland / TweakTown : Xbox exclusives are still important for Microsoft and are used to determine ‘growth in gaming’ Heidi Nicholas / TrueAchievements...
Sony plans to lay off around 900 employees, or 8% of its global workforce, at its PlayStation division, and will close PlayStation's London Studio
read the full email employees received about it Willa Rowe / Kotaku : PlayStation Cancels Multiple Games Amid Massive Job Cuts Tom Gerken / BBC : PlayStation to axe 900 jobs and close London Studio Al...
Microsoft completes its Activision Blizzard acquisition after a 20-month battle with regulators in the UK and the US; Bobby Kotick will remain CEO through 2023
Combining with Microsoft will enable us to deliver more fun, more joy … BBC : Microsoft completes $69bn takeover of Call of Duty maker Activision Blizzard Tom Warren / The Verge : Read Xbox chief Phil...
Epic Games lays off 16% of its workforce, or ~830 employees, divests from music storefront Bandcamp, and intends to spin off “kid-tech” company SuperAwesome
Earlier today Tim Sweeney sent the following email to Epic employees: Tim Sweezy / HotHardware : Epic Games Confirms Massive Layoffs After Fortnite And Metaverse Spending Spree Jamie Crawley / CoinDes...
Elon Musk forms xAI, a startup he will lead to “understand the true nature of the universe”; the staff has worked at Google, Microsoft, Tesla, OpenAI, and more
Today we announce the formation of xAI. The goal of xAI is to understand the true nature of the universe. Reuters : Elon Musk launches AI firm xAI as he looks to take on OpenAI Kara Carlson / USA Tod...
In a Twitter Space, Elon Musk claims Twitter is “roughly breaking even”, grew agitated over questions on hate speech, reflects on running the company, and more
The Twitter CEO provided a six-month update on his takeover in a live interview with the BBC
Andy Jassy says Amazon plans to lay off an additional 9,000 employees, mostly in AWS, PXT, Advertising, and Twitch, after cutting 18,000+ jobs in January 2023
Today I shared with Twitch employees that we've … Annie Palmer / CNBC : Amazon's post-Bezos experiment hasn't gone exactly as planned Bloomberg : Amazon to Cut 9,000 More Jobs, Deepening Biggest Pullb...
Alphabet plans to cut ~12,000 jobs, 6%+ of its global workforce; CEO Sundar Pichai says he takes “full responsibility for the decisions that led us here”
read the memo CEO Sundar Pichai sent to staff Mary Yang / NPR : Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January BBC : Google parent Alphabet to cut 12,000 jobs Abner L...
SEC proxy filing: Apple cuts Tim Cook's 2023 target compensation by 40%+ to $49M, citing investor guidance and a request from Cook, who was paid $99.4M in 2022
at his own request Anna Cooban / WRAL TechWire : Apple CEO Tim Cook takes a pay cut for 2023 Eddie Makuch / GameSpot : How Much Does Apple's CEO Make? Anna Cooban / CNN : Tim Cook agrees to a massive ...