"Microsoft Cuts 1,900 Gaming Division Jobs Across Xbox and Activision Blizzard"

1 min read
Source: IGN
"Microsoft Cuts 1,900 Gaming Division Jobs Across Xbox and Activision Blizzard"
Photo: IGN
TL;DR Summary

Microsoft is laying off 1,900 staff from its video game workforce following its $69 billion acquisition of Activision Blizzard. Xbox boss Phil Spencer stated that the company will provide full support to those impacted, including severance benefits. The layoffs are part of a strategy to align with a sustainable cost structure and support the growing business. The cuts come amidst a trend of layoffs in the video game industry, with estimates suggesting that over 10,000 workers were laid off in 2023, and the trend has continued into 2024.

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