Layoffs

Millicom presented its first-quarter 2026 results and reported cutting 35% of its Chile staff after taking control of Telefónica operations in February. The move generated US$21 million in severance and voluntary retirement costs.

11 Mwezi wa tano, 2026 Imeripotiwa na AI

A group of gamers and activists gathered outside Electronic Arts headquarters in Redwood City on May 11 to voice opposition to the company's recent layoffs, microtransactions, and a planned $55 billion acquisition by Saudi Arabia.

Beauty company Lyko in Vansbro has warned 70 white-collar workers and terminated around 30 warehouse staff after worse-than-expected results. CEO Rickard Lyko stresses that the firm will grow in the long term and create more jobs locally.

3 Mwezi wa nne, 2026 Imeripotiwa na AI

Take-Two Interactive, parent of Rockstar Games, has laid off its entire AI team, including head Luke Dicken, who announced the move on LinkedIn. The decision follows CEO Strauss Zelnick's recent skepticism about AI's creative potential and contrasts with peers ramping up investments in the technology. The company declined to comment.

Argentine company Lumilagro announced price cuts for its mate thermoses after a production overhaul involving the departure of over 100 employees by mutual agreement. The firm's official X post defending the changes sparked anger from users and public figures, fueling debate on jobs and industry.

19 Mwezi wa tatu, 2026 Imeripotiwa na AI

Ubisoft has laid off 105 game developers at Red Storm Entertainment, shifting the studio from game development to an IT and Snowdrop engine support role. The North Carolina-based studio, founded in 1996 by Tom Clancy, will no longer make games. The move is part of Ubisoft's ongoing cost-cutting efforts.