It's not easy being a chip and component maker in the smartphone industry and trying to turn a profit when competitors are driving the prices down to a point where an entire phone can cost somewhere around $50. It's even harder when the high-end market is being governed by a few players, the major one of whom decides to "dump" your chips and use their own for its flagship.
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[Update: Layoffs Confirmed As Part Of Cost-Cutting Plan] Qualcomm Could Lay Off More Than 10% Of Its 30,000 Employees In Its Second-Quarter Earnings Announcement
Gameloft Reportedly Shuts Down Its New York Game Studio, Lays Off All NYC Developers
Gameloft is one of the most prolific and high-profile developers of mobile games, having taken an early lead with the rise of the iTunes App Store and continuing to release games at a rapid pace. But all is not well for the well-known developer: this morning reports have surfaced that the company has completely shut down its New York City studio and related offices.
A photo of Gameloft's Manhattan office posted to Glassdoor.com
Gameloft itself has refused to comment on the matter, but the company's lead programmer in New York, Kevin Chen, posted a public confirmation on Facebook after Gamasutra reported the news on an anonymous tip.
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Microsoft Will Lay Off 18,000 Employees, Mostly From Nokia, Future Android-Powered Nokia X Phones Unlikely
Every major corporation has to fire people at some point. But Microsoft's plan to eliminate 18,000 jobs this year is, to say the least, a big deal. The company announced its plans on a blog post titled "Starting to Evolve Our Organization and Culture," written by new CEO Satya Nadella. Former Nokia employees will bear the brunt of this downsize, with 12,500 office and factory workers from the Finnish phone giant being laid off.
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[Updated x4: Official Word] OnLive May Be Closing Today—Or It Might Be Fine—As Conflicting Rumors Surface
Update 4: OnLive has finally issued the following statement:
Read MoreWe can now confirm that the assets of OnLive, Inc. have been acquired into a newly-formed company and is backed by substantial funding, and which will continue to operate the OnLive Game and Desktop services, as well as support all of OnLive's apps and devices, as well as game, productivity and enterprise partnerships. The new company is hiring a large percentage of OnLive, Inc.'s staff across all departments and plans to continue to hire substantially more people, including additional OnLive employees.
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