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Amazon Lays Off 180 Employees From Gaming Division: Report
onmynews.com

Amazon Lays Off 180 Employees From Gaming Division: Report

Amazon.com has cut around 180 jobs in its games division, at least the second round of layoffs in under a week by the online retailer and digital streaming provider in a broader restructuring, an email viewed on Monday by Reuters showed.

“After our initial restructuring in April, it became clear that we needed to focus our resources even more on the areas that are growing with the highest potential to drive our business forward,” said Christoph Hartmann, vice president of Amazon Games, in the Nov. 13 email.

The company began informing employees Monday morning that their roles had been eliminated, in the second cut to the division this year.

Amazon last week also began cutting jobs in its streaming music and podcast division, people familiar with the matter said. It also cut a very small number of jobs in its human resources unit known as People Experience and Technology, or PXT, the sources added.

The games division offers downloadable versions of many video games, on a monthly rotation, as well as some Twitch channels and other services. The company remains focused on developing and publishing games such as “Blue Protocol” and the free games offered within Prime Gaming, it said.

Prime Gaming is a perk offered as part of the $139 annual Prime membership that includes free shipping and free streaming video.

“We’ve listened to our customers and we know delivering free games every month is what they want most, so we are refining our Prime benefit to increase our focus there,” Hartmann said.

In April, Amazon cut about 100 jobs in the games unit.

Amazon’s third-quarter net income far surpassed analysts’ estimates and the Seattle-based company forecast revenue in the year’s final quarter roughly in line with expectations.

Amazon has cut more than 27,000 roles over the past year, part of a wave of U.S. tech layoffs after the industry hired too many people during the pandemic.

Hartmann, in his email, said the company is “actively recruiting” for other roles in the division.

“I recognize that this is the second time this year that you are hearing about org-wide team changes and seeing colleagues go, so let me be very clear when I say this: I remain confident in our future,” he said.

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Bihar Cop Killed As Tractor Carrying Sand Illegally Runs Over Him
onmynews.com

Bihar Cop Killed As Tractor Carrying Sand Illegally Runs Over Him

A police Inspector was allegedly moved down by a tractor transporting sand illegally near Mahulia Tand village in Bihar’s Jamui district. According to the police, one home guard who was injured in the incident is said to be critical.

The inspector has been identified as Prabhat Ranjan, a resident of Siwan district.”He was rushed to a nearby Hospital where doctors said he was brought dead,” as per police.

The injured home guard has been identified as Rajesh Kumar.

“He was admitted to a private clinic in the city where his condition is said to be critical,” police said.

“Garhi police station in-charge mowed down allegedly by a tractor carrying sand illegally, one Home Guard also injured in the incident in Mahulia Tand village of Jamui district,” police said.

Upon receiving the word, police officials reached the spot and started investigating the matter, they said. More details are awaited.

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WeWork Founder Living In A Lavish New Miami Home As Company Goes Bankrupt: Report
onmynews.com

WeWork Founder Living In A Lavish New Miami Home As Company Goes Bankrupt: Report

Office space-sharing giant WeWork filed for bankruptcy in the United States last week, after the company struggled to recover from the effects of Covid-19 and its failed initial public offering in 2019. Even as the company is financially struggling, the company’s founder, Adam Neumann, has made headlines for his extravagant lifestyle. Notably, the American-Israeli entrepreneur was ousted after failing to take the company public through an initial public offering in 2019. But thanks to a hefty payout, Mr Neumann is now living in a ‘lavish’ new home in Florida while building his new company, The New York Post reported. 

The 44-year-old still has a net worth of $1.7 billion and owns millions in real estate. At present, he is living his best life in a luxurious mansion worth $40 million, with his wife Rebekah, and six children. He had purchased two Miami properties from local investor Joseph Imbesi for $44 million in an off-market deal, as per Fox News. A 14,500-square-foot house was being built on the property at the time and it is now where Mr Neumann and his family live full-time. The sprawling mansion boasts breathtaking waterfront views, opulent amenities, and extravagant features.

A source said, ”Adam skateboards all the time, all over town, taking business calls. Everybody runs into him — he’s very friendly. He stops and kibitzes with people.” He is currently looking for investors for another startup, claiming that it will reshape the world in the home this time.

As per The Post, Mr Newman is a close friend of Jared Kushner and Ivanka Trump and their children, who live 10 minutes away from their home. The couple are also said to be a big part of the Jewish community.

Prior to his departure from WeWork, Mr Newman had spent $90 million to purchase luxury residential real estate in the Hamptons, New York City, and Westchester County, New York, and San Francisco, according to The Wall Street Journal. 

Last year, Mr Neumann launched a new company called Flow that will operate in the residential real estate space.

Notably, Mr Neumann founded WeWork in 2010, and by 2019, it was worth $47 billion. When Mr Neumann left the company, a significant amount of wealth was accumulated as it prepared for another public offering- time through a special purpose acquisition company (SPAC). In 2021, Mr Neumann reportedly received $480 million from SoftBank for half of his remaining WeWork stock as part of that SPAC process. Overall, it is believed that Mr Neumann made over $770 million in cash from the 2021 SPAC process alone, despite having been removed from a management position years ago.

He recently stated that WeWork’s bankruptcy filing is “disappointing” and it has been hard for him to watch the company struggle. Meanwhile, a former WeWork staffer told The Post that the morale at the company is “horrific,” adding that “there is no company culture and everybody is just watching the stock go down, down, down.”

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