Indonesia Grapples with Surging Layoffs Driven by Geopolitical Tensions, Weakening Demand, and Rupiah Volatility

Jakarta, CNBC Indonesia – A growing wave of mass layoffs (Pemutusan Hubungan Kerja, PHK) is sweeping across Indonesia, a phenomenon attributed to a confluence of four critical factors, as articulated…

Bungie Plans Significant Layoffs Following Destiny 2’s Final Update, Shifting Focus to Marathon

Bungie, the esteemed game development studio behind the massively popular Destiny franchise, is reportedly gearing up for substantial layoffs impacting the development team for Destiny 2. This significant workforce reduction…

Visual Concepts, Developer Behind Blockbuster NBA 2K and WWE 2K Franchises, Reportedly Conducts Layoffs Amidst Strong Sales

In a stark reminder of the volatile nature of the modern gaming industry, Visual Concepts, the esteemed development studio responsible for the immensely popular NBA 2K and WWE 2K franchises,…

Indonesia Secures 150 Million Barrels of Russian Crude Oil as Nike Announces Global Layoffs of 1,400 Employees

Jakarta, CNBC Indonesia – The Indonesian government has officially secured a commitment for 150 million barrels of crude oil supply from Russia, a landmark agreement following recent high-level discussions between…

Eidos Montreal Faces Fourth Round of Mass Layoffs, Cancels Ambitious Seven-Year Project Amidst Industry Turmoil

The landscape of the triple-A video game industry continues to be a turbulent one, and Eidos Montreal, a studio with a storied history in game development, finds itself at the…