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June 8, 2019

Maker Faire halts operations and lays off all staff

Financial troubles have forced Maker Media, the company behind crafting publication MAKE: magazine as well as the science and art festival Maker Faire, to lay off its entire staff of 22 and pause all operations. TechCrunch was tipped off to Maker Media’s unfortunate situation which was then confirmed by the company’s founder and CEO Dale Dougherty.

For 15 years, MAKE: guided adults and children through step-by-step do-it-yourself crafting and science projects, and it was central to the maker movement. Since 2006, Maker Faire’s 200 owned and licensed events per year in over 40 countries let attendees wander amidst giant, inspiring art and engineering [...]

 
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April 10, 2019

Udacity restructures operations, lays off 20 percent of its workforce

Udacity, the $1 billion online education startup, has laid off about 20 percent of its workforce and is restructuring its operations as the company’s co-founder Sebastian Thrun seeks to bring costs in line with revenue without curbing growth, TechCrunch has learned.

The objective is to do more than simply keep the company afloat, Thrun told TechCrunch in a phone interview. Instead, Thrun says these measures will allow Udacity from a money-losing operation to a “break-even or profitable company by next quarter and then moving forward.”

The 75 employees, including a handful of people in leadership positions, were laid off earlier today as part of [...]

 
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March 29, 2019

Sony may cut half of its smartphone division by 2020

Sony is reportedly getting ready to pull up some of its stakes in the smartphone business. According to Nikkei Asian Review, the major tech manufacturer is planning to cut up to half of its smartphone workforce by 2020. The potential layoffs could le…
 
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March 27, 2019

EA is the latest game publisher to make major layoffs

Just months after Activision laid off 8 percent of its workforce, EA is the latest AAA games publisher to announce its own job cuts. The company behind FIFA and recent blockbuster Apex Legends is letting 350 people go (roughly 4 percent of its workfo…
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