Microsoft has announced layoffs affecting 650 employees within its Xbox gaming unit, marking the third round of job cuts since acquiring Activision Blizzard. CEO Phil Spencer stated the decision was 'difficult' and primarily affects corporate and supporting functions to align the post-acquisition team structure.
Woke tech giant Microsoft has announced a round of layoffs affecting 650 employees within its Xbox gaming unit, marking the third gaming-related layoff since the company’s acquisition of Activision Blizzard for $69 billion.that in a memo sent to employees on Thursday, Phil Spencer, CEO of Microsoft Gaming, revealed that the company had made the “difficult” decision to cut 650 roles at its Xbox division.
Microsoft’s gaming division has undergone significant changes in recent years, with the company acquiring ZeniMax Media, the owner of Bethesda Softworks, for $7.5 billion in 2021. The acquisition of Activision Blizzard, the publisher behind the popularfranchise, for $69 billion in cash, has further reshaped the company’s gaming landscape.
Despite the challenges faced by the gaming industry, Spencer assured employees that the changes were necessary for the sustainable future growth of Microsoft Gaming. He emphasized that the corporate and supporting teams and resources were now aligned to better support studio teams and business units with programs and resources that can scale to meet their needs.
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