Layoffs
Coinbase cuts 14% of staff for AI and market reset
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Coinbase announced a restructuring plan on May 5, 2026, cutting about 700 employees, or 14% of its workforce. CEO Brian Armstrong attributed the move to cryptocurrency market volatility and artificial intelligence-driven productivity gains. The changes aim to create a leaner, AI-native organization ahead of Q1 earnings on May 7.
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.
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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.
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.
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Iberia and most of its unions have reached an agreement for a voluntary employment regulation file (ERE) affecting 996 employees, according to union and company sources. The deal includes early retirements at 80% of regulatory salary and incentivized redundancies of 35 days per year worked. It affects about 9.4% of the 10,700-strong workforce.
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.
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Several developers from Warner Bros. Montréal have announced on LinkedIn that they have been laid off, with most finishing on Friday, 13th March. No formal confirmation from the company has been issued yet. The reports come amid ongoing struggles in Warner Bros.' games division.
Build a Rocket Boy lays off 170 in third round of MindsEye cuts
May 02, 2026 13:29Second Dinner lays off key Marvel Snap staff, reassures fans on future
April 30, 2026 23:24Evangeline Lilly condemns Disney's Marvel layoffs
April 23, 2026 13:02Meta to cut 10 percent of its workforce
April 14, 2026 00:57Swiss subcontractor lays off 30 at Garpenberg mine after March collapse
March 30, 2026 12:13Eidos Montreal lays off 124 staff amid leadership change
March 28, 2026 01:11Former Valve writer criticizes Epic Games layoffs
March 25, 2026 12:21Fortnite developers react amid concerns over Epic Games' 1,000+ layoffs
March 24, 2026 22:02Epic Games lays off over 1,000 employees due to Fortnite downturn
March 23, 2026 23:55Lumilagro cuts termo prices after staff reductions and sparks backlash on X