tech Microsoft Cuts 650 Jobs in Xbox Division Amid Industry Changes
Wednesday, 11 September 2024, 16:59
Microsoft Gaming Division Faces Job Cuts
Microsoft is making significant cuts, laying off 650 employees from its Xbox games division as reported by Bloomberg. The job losses predominantly impact corporate and support functions, highlighting the shifting landscape in the gaming industry.
Implications of the Layoffs
- The layoffs come less than a year after Microsoft's acquisition of Activision.
- Phil Spencer, head of Microsoft Gaming, communicated these changes in an internal memo.
- The company’s gaming strategy faces challenges as it adjusts to new market conditions.
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.