Published on: 2025-06-21 05:30:43
Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month, Luminar’s board replaced founder Austin Russell as CEO and board chair. Luminar’s board appointed Paul Ricci to the role. Ricci is th
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Find related items on AmazonPublished on: 2025-06-23 17:56:26
Luminar, the lidar company founded by recently replaced CEO Austin Russell, is going through another restructuring, according to a recent regulatory filing. This new round of layoffs, which the company did not provide figures for, follows extensive cuts to the workforce in 2024. Luminar cut about 30% of its workforce in 2024, a reduction that was expected to cost $4 million to $6 million in additional cash charges. Some of those layoffs spilled into the first quarter of 2025. A total of 212 emp
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Find related items on AmazonPublished on: 2025-06-30 06:05:56
In Brief Coders were hit hardest among Microsoft’s 2,000-person layoff in its home state of Washington, Bloomberg reports. Over 40% of the people laid off were in software engineering, making it by far the largest category, Bloomberg found based on state filings. Relatively few sales or marketing positions were affected, Bloomberg added. To be fair, coders are a big chunk of Microsoft’s workforce, although it doesn’t disclose the exact proportion. The cuts are part of recent layoffs at Micros
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Find related items on AmazonPublished on: 2025-06-30 19:04:05
The Oklahoma City Thunder will look to close out the Denver Nuggets tonight on the road to set up a date with the Minnesota Timberwolves in the Western Conference Finals. If the Nuggets can win tonight, however, they'll send the series back to Oklahoma City for a game 7 on Sunday afternoon. Tonight's Nuggets-Thunder game tips off at 8:30 p.m. ET (5:30 p.m. PT) on ESPN. Here's everything you need to know to watch or stream the NBA playoffs. Nikola Jokic and the Denver Nuggets face a must-win ga
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Find related items on AmazonPublished on: 2025-07-04 21:15:00
What just happened? It's another bad day to be a tech worker. Microsoft has announced that it is laying off 6,000 employees, around three percent of its entire workforce, globally. It brings the total number of tech industry layoffs in 2025 to almost 60,000 – and there's still more than half the year left. Microsoft said that is slashing three percent of its workforce across all levels, teams and geographies. The company employed around 228,000 workers as of the end of June, meaning about 6,000
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Find related items on AmazonPublished on: 2025-07-06 00:48:43
Microsoft is about to trim its worldwide workforce by 3%, CNBC reports. The company had around 228,000 employees worldwide as of June, it says, meaning more than 6,500 could be affected by the cuts. It would be one of the company’s largest staff reductions since it cut 10,000 people in 2023. A Microsoft spokesperson told TechCrunch, “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace.” In April, Microsoft reported a soli
Keywords: 000 company expected layoffs microsoft
Find related items on AmazonPublished on: 2025-07-06 05:48:43
Microsoft is about to trim its worldwide workforce by 3%, CNBC reports. The company had around 228,000 employees worldwide as of June, it says, meaning more than 6,500 could be affected by the cuts. It would be one of the company’s largest staff reductions since it cut 10,000 people in 2023. A Microsoft spokesperson told TechCrunch, “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace.” In April, Microsoft reported a soli
Keywords: 000 company expected layoffs microsoft
Find related items on AmazonPublished on: 2025-07-06 09:47:55
The technology giant is cutting roughly 7,000 jobs as it aims to streamline operations. As first reported by CNBC , Microsoft will be laying off 3 percent of its global workforce in an aim to streamline its operations and thin out its management structure. The layoffs will be felt across all teams, levels and regions within the company and are not performance-based. In a statement to CNBC , a Microsoft spokesperson said, "We continue to implement organizational changes necessary to best positi
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Find related items on AmazonPublished on: 2025-07-10 00:00:00
Coventry City will be hoping to make home advantage count and take a step closer to the English Premier League as they host Sunderland today in the first leg of their Championship playoff semifinal. Below, we'll outline the best live TV streaming services to use to watch the game as it happens, wherever you are in the world, and how to use a VPN if the match isn't available where you are. The host team appears to have hit form at the right time under manager Frank Lampard, coming into the play
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Find related items on AmazonPublished on: 2025-07-10 04:05:00
Game layoffs haven’t disappeared, but they have slowed down in 2025, according to data from game job champion Amir Satvat. It prompted him to write a LinkedIn post with the title, “2025 Games Layoffs Update: Is The Worst Behind Us?” As of May 9, the games industry has experienced 2,705 layoffs this year, Satvat wrote. He said he used a Holt-Winters time series model trained on historicals and all of his community data since 2022. With that approach, he said his forecast for the rest of 2025 (M
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Find related items on AmazonPublished on: 2025-07-17 13:30:06
The federal government is continuing to hollow out its research centers. The National Institutes of Health has carried out a second, unexpected round of layoffs across its various departments, including staff at the National Cancer Institute (NCI). The layoffs were first reported late Monday evening by CBS News, based on interviews with current and recently fired employees. Around 200 people have or are soon expected to be fired, including 50 at the NCI. The cuts were made despite previous assu
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Find related items on AmazonPublished on: 2025-07-25 21:22:01
The Boston Celtics are one step closer to earning their 19th NBA championship, having defeated the Orlando Magic in the first round of the NBA playoffs 4 games to 1. Tuesday night's 120-89 win in Game 5 was a display of confidence from the Celtics, who will play either the New York Knicks or Detroit Pistons in the second round. The No. 1 seed in the East, the Cleveland Cavaliers, and the Western conference champions, the Oklahoma City Thunder, have both already clinched spots in the semifinals;
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Find related items on AmazonPublished on: 2025-08-01 05:19:00
In a nutshell: It had long been said that a career in tech was the ultimate dream: high salaries, security, and a huge number of perks made for some very happy workers. But things look quite different today. The tech world has seen the highest number of layoffs of any private sector industry this year; perks have been cut; salaries aren't increasing in line with the extra demands; and there's the constant spectre of AI. As parodied in the brilliant Silicon Valley show, there was a time when som
Keywords: ai companies layoffs perks tech
Find related items on AmazonPublished on: 2025-08-04 01:39:05
Meta laid off employees on Thursday in its Reality Labs division, which encompasses various virtual and augmented reality projects. The cuts impact employees within Oculus Studios, which develops apps and games for Meta’s Quest headsets. Meta did not specify how many people were impacted by the layoffs, but said that the cuts impacted people working on Quest products including Supernatural, a VR exercise app. Meta acquired Within, the company that makes Supernatural, in 2023. “Some teams withi
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Find related items on AmazonPublished on: 2025-08-12 23:57:00
The Boston Celtics begin their title defense on Sunday in search of the franchise's 19th NBA championship. They enter the NBA playoffs as the No. 2 seed in the East and will face the No. 7 Orlando Magic in the first round. The Cleveland Cavaliers are the top seed in the East and have a first-round matchup against the winner of tonight's No. 8 play-in game between the Miami Heat and Atlanta Hawks. The Oklahoma City Thunder won an NBA-best 68 games this season and are the top seed in the West beh
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Find related items on AmazonPublished on: 2025-09-03 21:00:00
Layoffs in the game industry have slowed down somewhat in the first few months of 2025, according to game job champion Amir Satvat. Of course, any amount of layoffs is tough for people affected, and the game industry has had 2.5 years of nonstop layoffs and studio closings. Satvat, in his spare time, has helped create easily accessible resources to help people find game jobs. And nearly 3,500 people have found jobs through those resources. These resources have given him access to data about jo
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Find related items on AmazonPublished on: 2025-09-07 01:20:58
President Donald Trump’s tariffs—which have been called “a complete fucking joke,” “insane and idiotic,” and “probably the most stupid economic step taken by a president in this generation“—haven’t even gone into effect yet, but economists, Wall Street, and people who value their 401Ks are all freaking out with equal abandon. With the stock market in free-fall and decades-long international trade partnerships in tatters, Trump is promising that his policies will somehow “make America wealthy aga
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Find related items on AmazonPublished on: 2025-09-09 13:29:05
Automattic, the company behind WordPress.com, Tumblr, WooCommerce, and a range of other online services, is reducing its workforce. The layoffs will impact 16% of staff across divisions, an Automattic blog post published Wednesday reveals. Ahead of the layoffs, Automattic’s website listed 1,744 employees, which means north of 270 people may have lost their jobs. (Automattic was asked to confirm this number but has not responded as of the time of publication.) The post, which was also shared wi
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Find related items on AmazonPublished on: 2025-09-16 05:20:21
Under president Donald Trump and his number one henchman Elon Musk' orders, swathes of NASA are being laid to waste — and staffers are fuming. As CNN reports, mass layoffs gutting three offices this year have resulted in employees questioning the space agency's new leadership. Workers affected by the layoffs were only given 30 days' notice — instead of 60, as spelled out in federal government guidance — and have even been denied time-off awards. Sources told CNN that some affected employees wo
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Find related items on AmazonPublished on: 2025-09-18 12:18:06
In recent years, the financial technology sector has been making bank. Between 2018 and 2023, the rapidly growing "fintech" industry rose to over $39 billion in revenue, with projections to hit over $1.5 trillion by 2030. Fintech is a sweeping industry that offers money tech to financial institutions or individual users — and increasingly crypto services, itself a multi-billion dollar trade. But with crypto comes risk. A lot of risk. Despite some fintech tycoons' promises that crypto will enab
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Find related items on AmazonPublished on: 2025-10-10 10:30:00
Mass layoffs and weak leadership are taking a severe toll on the US government’s cyber defense agency, undermining its ability to protect America from foreign adversaries bent on crippling infrastructure and ransomware gangs that are bleeding small businesses dry. Inside the Cybersecurity and Infrastructure Security Agency, vital support staff are gone, international partnerships have been strained, and workers are afraid to discuss threats to democracy that they’re now prohibited from counteri
Keywords: administration agency cisa employees layoffs
Find related items on AmazonPublished on: 2025-10-17 12:36:30
Elon Musk bought Twitter, and now he’s rebranding it as X. Signs have gone up (and back down), icons are changing, and an old plan is new. How’d we get here? On April 4th, 2022, we learned that Musk had purchased enough shares of Twitter to become its largest individual shareholder. Eventually, he followed up with an unsolicited offer to buy 100 percent of Twitter’s shares for $54.20 each, or about $44 billion. Twitter accepted Musk’s offer, but then things got weird because he tried to cancel
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Find related items on AmazonPublished on: 2025-11-01 05:35:56
Hundreds of federal workers at the National Oceanic and Atmospheric Administration were fired on Thursday, in the latest of a series of moves by the Trump administration to cull the numbers of federal workers in the sciences. The purge of the federal payroll is being led by the Department of Government Efficiency, which despite its name is not a department of the federal government. The NOAA layoffs close out a particularly bloody February that saw workers in the Food and Drug Administration an
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