Microsoft's Xbox Division Cuts 650 Jobs Amidst Gaming Industry Shifts
Wednesday, 11 September 2024, 16:59
Job Cuts in Xbox Division
Microsoft is making significant changes as it lays off 650 employees in its Xbox games division. The report from Bloomberg highlights that these job cuts predominantly affect corporate and support functions. Phil Spencer, Microsoft Gaming chief, addressed the employees in an internal memo, outlining the necessary adjustments the company is making.
Impact on the Gaming Industry
- The layoffs signal a challenging period for the gaming sector.
- Microsoft's recent Activision deal was a massive restructuring effort.
- Positioning Xbox to adapt to evolving market demands is paramount.
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