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AMD lays off 1,000 employees - video card division earned only $12 million for the quarter

Rumors of layoffs at AMD emerged following a mixed financial report for the third quarter. After its release, the company's stock dropped by 13.6%. AMD reported a revenue increase of 17% and a profit rise of 34%, but its average revenue forecast of $...

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Microsoft CEO Satya Nadella received +63% ($79.1 million) compensation in a year of mass layoffs and hacks

Despite layoffs and data security incidents, Microsoft CEO Satya Nadella received a significant 63% increase in his compensation compared to the previous year. According to company documents, around 90% of the total compensation for the y...

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Ex-Sony president advised fired developers to "drive an Uber" and "vacation on the beach for a year"

Chris Deering, former president of Sony Computer Entertainment Europe, shared his thoughts on the recent widespread layoffs in the gaming industry during the latest episode of the My Perfect Console podcast. He discussed the reasons behind the layoff...

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