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Epic Games lays off 1,000 employees
Epic Games, the developer of “Fortnite,” is laying off over 1,000 employees and cutting costs by $500m. Chief Executive Tim Sweeney announced the layoffs, attributing them to a decline in “Fortnite” engagement last year. “Despite Fortnite remaining one of the most successful games in the world, we’ve had challenges delivering consistent Fortnite magic with every…
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AWS’ Bahrain region ‘disrupted’ following drone activity
Amazon has said its Amazon Web Services region in Bahrain has been “disrupted” by drone activity amid the Gulf conflict. It is the second such incident within a month that its operations have been affected by the war. “As this ?situation evolves and, as we have advised before, we request those with workloads in the…
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Sole survivor of fatal Cybertruck crash files lawsuit against Tesla
The sole survivor of a 2024 Cybertruck crash in California has sued Tesla over the incident, which killed three college students who were unable to escape the burning vehicle. Jordan Miller’s complaint alleges that Tesla “consciously disregarded the safety of occupants in Tesla vehicles, and prioritized aesthetics over function” despite having knowledge of the dangers…
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Companies urged to secure Microsoft tool after Stryker cyberattack
The Cybersecurity and Infrastructure Security Agency (CISA) has urged companies to strengthen the security of Microsoft’s endpoint management tool, ?after a March 11 cyberattack on medical device maker Stryker’s computer systems that caused widespread disruption to its business. ?The company said it had experienced a global ?disruption to its Microsoft environment.
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Middle East conflict to intensify European corporate distress
The war in the Middle East and surging energy costs are set to exacerbate soaring levels of financial distress among European companies, according to Alvarez & Marsal. “The escalating conflict in the Middle East is likely acting as a multiplier for the distress we are already tracking across the European landscape,” said Chris Johnston, a…
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Apple cuts China App Store fees amid regulatory pressure
Apple has reduced the commission it charges app developers in China, lowering its standard App Store fee from 30% to 25%, while cutting the rate for small developers and mini-app creators from 15% to 12%. The move follows discussions with Chinese regulators and aims to ease tensions with major tech firms such as Tencent and…
