VR studio Archiact is closing down.
In a statement posted to LinkedIn, the Canadian studio said it informed all staff yesterday, August 12, that it will "close in two weeks."
Archiact was formed in 2013 and positioned itself as a "pioneer in VR", "dedicated to the development of immersive reality games," including Doom 3: VR Edition, Journey to Foundation, Marvel Dimension of Heroes, and Evasion.
Intel is cutting 15,000 jobs as part of a swathe of "significant actions to reduce costs" and save $10m in 2025.
CEO Pat Gelsinger said those 15,000 jobs represent 15 percent of its global workforce and come after the computing megacorp reported no profits from the last financial quarter.
Other cost-cutting exercises to make "Intel a leaner, simpler and more agile company" include reducing operating costs, simplifying its portfolio, eliminating complexity, reducing capital, suspending its dividend, and maintaining growth investments.
Intel is cutting 15,000 jobs as part of a swathe of "significant actions to reduce costs" and save $10m in 2025.
CEO Pat Gelsinger said those 15,000 jobs represent 15 percent of its global workforce and come after the computing megacorp reported no profits from the last financial quarter.
Other cost-cutting exercises to make "Intel a leaner, simpler and more agile company" include reducing operating costs, simplifying its portfolio, eliminating complexity, reducing capital, suspending its dividend, and maintaining growth investments.
Paladin Studios has shut down.
The indie studio – established in the Netherlands in 2005 – announced the closure earlier this week, saying its "quest [had] come to an end" and 45 people, "each and every one of them a brilliant mind and kind heart", have lost their jobs.
"For almost 19 years, we have poured our hearts and souls into creating games that make you smile," the team said in a heartfelt statement posted to its official website (thanks, VGC).
Paladin Studios has shut down.
The indie studio – established in the Netherlands in 2005 – announced the closure earlier this week, saying its "quest [had] come to an end" and 45 people, "each and every one of them a brilliant mind and kind heart", have lost their jobs.
"For almost 19 years, we have poured our hearts and souls into creating games that make you smile," the team said in a heartfelt statement posted to its official website (thanks, VGC).
Paladin Studios has shut down.
The indie studio – established in the Netherlands in 2005 – announced the closure earlier this week, saying its "quest [had] come to an end" and 45 people, "each and every one of them a brilliant mind and kind heart", have lost their jobs.
"For almost 19 years, we have poured our hearts and souls into creating games that make you smile," the team said in a heartfelt statement posted to its official website (thanks, VGC).
Microsoft is reportedly set to slash more than a hundred jobs at Activision Blizzard's Cork office.
As first reported in the Irish Examiner, minister for foreign affairs, or Tánaiste, Michéal Martin – who raised the issue in the Dáil, the Irish government – revealed that 136 of the approximately 200 jobs in Blackpool, Cork, were expected to be cut, calling the redundancies "very serious".
Microsoft is reportedly set to slash more than a hundred jobs at Activision Blizzard's Cork office.
As first reported in the Irish Examiner, minister for foreign affairs, or Tánaiste, Michéal Martin – who raised the issue in the Dáil, the Irish government – revealed that 136 of the approximately 200 jobs in Blackpool, Cork, were expected to be cut, calling the redundancies "very serious".
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