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Recent Editions
Human Times
North America
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 season,” he said. The company has faced industry-wide challenges, including slower growth and tougher cost economics. The State of the Game Industry Report from the Game Developers Conference revealed that about one-third of U.S. video game industry workers were laid off in the past two years. Sweeney aims to focus on enhancing “awesome Fortnite experiences” and improving developer tools moving forward.
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Human Times
UK
The Co-op has announced that chief executive Shirine Khoury-Haq will step down at the end of March. The BBC says the news comes weeks after it reported on claims of a "toxic culture" at the top of the food and services group. A letter sent to Co-op board members had complained of "fear and alienation" among even senior staff who felt scared to raise concerns about the direction of the business in front of the leadership team - claims which the Co-op said it didn't recognise at the time. The retailer yesterday revealed higher-than-expected financial impacts from a major cyber attack in April 2025 which forced the shutdown of systems, causing disruption across its 2,300 UK stores and contributing to a £285m hit to 2025 revenues and a £107m impact on profitability, alongside £21m of additional one-off costs. The group said the leadership change reflects the need for long-term direction as it executes a multi-year recovery and growth strategy. Board member Kate Allum has been appointed as interim CEO while a successor is sought.
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Human Times
Europe
Bloomberg reports that Finland has posted another set of "dire" employment market figures, with the European Union's worst joblessness reaching levels previously seen during the first wave of the pandemic. The headline unemployment rate increased to 10.9% in February, the most in almost six years, and the trend jobless rate rose to 10.5%, according to data from Statistics Finland. Youth unemployment was higher than for the overall population, with the trend rate for 15-24-year-olds at 22.9%. The increase in joblessness is partly explained by stricter job-search requirements and changes to social security, said economists at research institute Pellervo Economic Research.
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Human Times
Middle East
Iran-linked hackers have destroyed the data of over 50 small Israeli companies in the past few weeks and compromised dozens of security cameras, according to Yossi Karadi, the director-general of the Israel National Cyber Directorate. He said most of the targeted companies had existing cybersecurity vulnerabilities, and companies with stronger cybersecurity protections weren’t affected. The near-total internet blackout in Iran has not impacted the pace of attacks. “Some of them are using satellite capabilities, but there are also other ways that they can use to continue doing cyberattacks,” Karadi explained.
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