Microsoft's Bold Move: 650 Job Cuts in Xbox Division Following Acquisition
Thursday, 12 September 2024, 04:33
Industry Context: Microsoft Layoffs
In a significant move, Microsoft has announced that it will be cutting approximately 650 jobs within its Xbox division. This job reduction primarily impacts corporate and support functions.
Acquisition Impact
This decision comes on the heels of Microsoft’s $68.7 billion acquisition of Activision, a move meant to bolster its gaming lineup but now leads to reshuffling of workforce strategies.
CEO Insights
CEO Phil Spencer addressed the employees, saying, “I know that it is difficult…” emphasizing the challenges faced in the tech landscape.
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