All articles tagged with #employee owned
A group of former ZeniMax Online developers have founded Sackbird Studios, an independent, employee-owned studio focused on creating original games for PC and consoles, motivated by a desire for creative freedom after layoffs and project cancellations at their previous employer.
Veteran developers from Zenimax Online Studios have founded Sackbird Studios, an employee-owned and self-funded game development company, in response to layoffs and the cancellation of Project Blackbird, aiming for creative independence and risk-taking.
Two Manhattan restaurants led by Top Chef winner Buddha Lo caught fire; a dessert pop-up is happening at Momofuku Ko tonight; Banter restaurant in Brooklyn became employee-owned; Starbucks workers in New York are going on strike today.
John Lewis is reportedly considering selling a minority stake in its employee-owned business structure to raise up to £2bn for investment in technology, data analysis, and Waitrose's supply chain. The move would not remove the mutual ownership structure altogether, and staff would retain majority control. The profit-sharing model has occasionally resulted in big windfalls, but the firm has had to navigate the pandemic and a cost of living crisis, resulting in a loss of £234m in 2022-3 and no bonus to staff. John Lewis has not commented on the reports.