Social game monolith Zynga plans to shutter its New York City, Dalles and Los Angeles game development studios. Sources at Zynga confirmed the closures to Engadget, and also confirmed reports of layoffs affecting 520 employees (around 18 percent o…
Fisker just can’t catch a break. As if enduring the layoffs of three out of every four employees and the resignation of its founder wasn’t unsettling enough, it’s now come to light that the Department of Energy recently confiscated the company’s $…
Fisker Automotive has been seeing its troubles go from bad to worse, and its now announced its most drastic steps yet to keep the company afloat. In a statement released this afternoon, the company confirmed that it is making a “significant reduction…
Following its acquisition by Google, Motorola Mobility announced sweeping layoffs last October with about 4,000 people — 20 percent of all employees — losing their jobs. It seems the restructuring didn’t go far enough, how…
Valve’s Gabe Newell said his company wasn’t canceling any projects after a recent spate of layoffs, and it certainly sounds like the company’s Steam Box initiative is still on track. The co-founder told the BBC that his company plans …
In January Logitech CEO Bracken Darrell announced plans to take “decisive action,” including selling its Harmony remote division, to turn the company’s fortunes around — and today we’re seeing the first results of that. …
It’s an unusual day at Valve Software, with reports of layoffs at the game company, and Valve co-founder Gabe Newell is taking the unusual step of commenting on the matter publicly. In a statement to Engadget, he told the worl…
Time Inc., the publishing division of Time Warner that’s responsible for magazines such as Time, Sports Illustrated, and People, has struggled alongside the majority of print media to adapt to the growth of the internet, and i…
Nokia (NOK) confirmed that it is offloading more than 1,000 jobs as part of an effort to cut costs as its struggles continue. The Associated Press reports that Nokia will cut 300 IT jobs and outsource 820 more to HCL Technologies and TATA Consultancy Services, both of which are based in India but have facilities in Finland. Nokia confirmed the moves and noted that they are part of a larger effort announced last June, in which Nokia will trim 10,000 jobs in an attempt to save €1.6 billion by the end of this year. Nokia reported last week that it sold 4.4 million Windows Phones in fourth quarter, a clear improvement but further evidence that any comeback Nokia mounts will build very
As Zynga (ZNGA) continues its free fall into irrelevancy with layoffs and its one-hit social games, the gaming company has revised its contract with Facebook (FB) to free it from being “forced to launch games exclusively on the Facebook platform” and “obligated to use Facebook Credits for Zynga game pages,” according to AllThingsD. The change of terms filed with the SEC also includes a clause that states “Facebook will no longer be prohibited from developing its own games” on March 31, 2013. Could Facebook start developing its own social games? Theoretically, yes. But would Facebook really jeopardize its relationships with game developers who already make games for its social network? Probably not. “We’re not in the business of building games and we have no plans to do
