The eliminations led to $1.8 billion in severance payments and other restructuring costs for Oracle, significantly higher than the $374 million restructuring costs it faced in the previous financial year. …
… Microsoft is also making executive changes as part of the restructuring. …
Ubisoft is closing its Winnipeg and Belgrade studios, and restructuring its Barcelona office, which could result in as many as 380 job losses, VGC understands. …
AI + ML Oracle tops up restructuring fund for FY26 by $500M Pot of money grows to $2.1BN for fiscal '26, as Big Red exec says AI helping smaller engineering teams do more Oracle has increased funding for its restructuring plans for the current financial year by $500 million, with some observers ant… …
… This change comes amid a broader restructuring at Xbox, announced yesterday , which will result in 3,200 job cuts, or 20% of the organisation's workforce. …
After spearheading a restructuring of Xbox that resulted in 3200 job losses , Xbox CEO Asha Sharma has been asked to be an advisor to the US Federal Reserve for Productivity and Jobs, where she will seemingly lead a task force related to, ironically, employment. …
According to Insider Gaming, Ubisoft has informed employees via an internal communications post that a new restructuring plan will affect approximately 380 staff across its studios in the United States, Canada, Spain, and Serbia.Read Entire Article
… Another day, another announcement of game industry job cuts. The latest restructuring is happening at Eidos Montreal, which stated that 124 people are being laid off. …
… According to Schreier, Bethesda and Xbox see the game as a big bet moving forward , so the restructuring could definitely benefit its development by increasing focus on core franchises. …
… As a result of all of that, up to 380 staff are reportedly at risk of losing their jobs. …