Xbox Gaming Unit Faces 650 Layoffs Amidst Microsoft's Restructuring
Friday, 13 September 2024, 07:20
Microsoft's Xbox Gaming Unit Job Cuts
Amidst ongoing restructuring, Microsoft is set to cut 650 jobs within its Xbox gaming unit. Bloomberg reports that this is the third round of layoffs this year, following their ambitious $69 billion acquisition. This decision signals a substantial shift in Microsoft's approach to its gaming business.
Impact on the Industry
These layoffs not only affect the employees but also reflect a broader change within the gaming sector. Microsoft aims to streamline operations, which might have lasting effects on game development and releases.
- Estimated layoffs: 650
- Acquisition: $69 billion
- Company: Microsoft
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.