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In recent years, the video game industry witnessed a disturbing trend of frequent layoffs, with 2023 experiencing nearly weekly workforce reductions across publishers, developers and related companies, resulting in at least 6,000 job losses.
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Tech layoffs are in the spotlight again as Amazon and Twitch announce job cuts.
Unity Software Inc. (NYSE: U) shares are trading higher on Wednesday.
(Bloomberg) -- The new year has kicked off for the tech industry with several companies announcing significant job cuts. It’s reminiscent of how 2023 began, which preceded the sharpest industry retraction in more than a decade. Most Read from BloombergBonds Slide as Fed’s Waller Downplays Need to Rush: Markets WrapIowa Latest: Haley Unveils New Ad, Looking to New HampshireMusk Pressures Tesla’s Board for Another Massive Stock AwardTrump Scores Easy Win in Iowa With DeSantis a Distant SecondApple