Vice Media Group was on the verge of filing for bankruptcy last year. Vice Media Group will stop publishing on its website and is planning to lay off hundreds of employees next week, the company’s CEO Bruce Dixon has announced in a memo. He blamed cost-effectiveness as a major reason behind this drastic move by … Read more
Riot Games, the developer of popular titles like Valiant and League of Legends has revealed that it is laying off hundreds of employees. Riot Games’ CEO Dylan Jadeja sent an email to all employees saying how the company had doubled the headcount in the last couple of years. “Over the past few years, as Riot … Read more
Nextdoor is laying off 25 per cent of its full-time staff as the neighbourhood-focused social network company cuts costs with its losses widening. The job eliminations are part of a larger cost reduction plan that aims to slash Nextdoor’s current personnel expenses by up to USD 60 million annually, the company said in a third-quarter … Read more