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Big Money! Jobs! Newsom Boasts Expanded CA Film/TV Tax Credits “Delivering Results”; Eddie Murphy’s ‘Donkey,’ Disney & Ben Affleck Flicks Get Latest Incentives
California Governor Gavin Newsom has marked the first anniversary of the state’s expanded film and television tax credit programme, which was raised to $750 million a year, by hailing it as a success that is bringing production back to California. On the same day, 41 films were awarded a combined $187 million in fresh incentives,…
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John Lewis to shut in-store services, putting hundreds of jobs at risk
Desks offering gift wrapping and bureau de change stations will be closed at dozens of stores nationwideJohn Lewis has put 200 jobs at risk as it plans to shut down desks operating gift wrapping and foreign exchange services.The 36-strong department store chain said it had begun a consultation on redundancies for the workers as it…
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Arkane staff face uncertain future as other Xbox studios gain independence
Yesterday, Xbox announced that they were spinning off five major studios in the course of the latest round of “historic” restructuring, with 1600 jobs instantly chopped and 1600 more layoffs to follow over the next financial year. It’s the latest in a string of failures on the part of Xbox leadership, who have repeatedly butchered…
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Xbox to cut 3,200 jobs by 2027 as ZeniMax studios restructure
Microsoft’s Xbox division is implementing a major workforce reduction of 3,200 employees by the end of the 2027 financial year, affecting multiple development studios under the ZeniMax umbrella, which encompasses major B
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Xbox cuts strike id Software, roughly half of staff lost amid Doom expansion
Xbox is cutting 3200 jobs between now and the end of financial year 2027, with studios like Undead Labs and Compulsion Games going independent as others also try to navigate an uncertain future. Moreover, ZeniMax’s entire division – which includes all of Bethesda’s big studios – is facing major layoffs, even if no studios are…
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Elder Scrolls Online roadmap shifts two days before Season One launch after Xbox cuts
Yesterday brought the news that Microsoft were cutting 1600 staff, spinning out four studios, and finding a further 1600 jobs to cut in the year to come. Xbox CEO Asha Sharma said in an email to staff that she was “making reductions” and “shifting investment to focus on higher priority projects”.Today, we’re starting to learn…
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Andy Burnham to delay Cabinet appointments as Labour figures jostle for jobs
With Sir Keir Starmer’s departure imminent and Andy Burnham the presumed incoming Prime Minister, a wave of senior Labour figures have been publicly manoeuvring for top jobs in his government. The Daily Mail reports that at least eight current or former Cabinet ministers have arranged high-profile appearances as they jostle for position, though Burnham is…
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UK house prices edge up 0.2% in June as mortgage rates soften
UK house prices climbed 0.2% in June, ending a four-month period of consecutive monthly declines, with the typical property now valued at £299,330 according to the Lloyds house price index. However, current valuations re
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Housing market steadies as UK prices climb 0.2% in June
UK house prices edged up by 0.2% in June compared with May, the first monthly increase in four months, according to figures from the lender Lloyds. The rise matters because it suggests the housing market may be steadying after a period of subdued activity, driven largely by mortgage rates easing from recent highs even as…
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Andy Burnham committed to welfare reform to cut youth unemployment, says Milburn
Alan Milburn, the Government’s youth unemployment adviser, has insisted that Andy Burnham is committed to reforming the welfare system. Milburn said the man widely regarded as prime minister-in-waiting understands that change is “absolutely necessary” to help the roughly one million young people currently out of work or education, framing welfare reform as central to tackling…