"Microsoft is reportedly cutting more Xbox staff, including 10% of its mobile game developer King's staff, totaling around 200 layoffs in the Candy Crush studio."
"Layoffs at Xbox are part of a wider cost-cutting program at Microsoft, which has seen thousands of employees let go over the past two years."
"Despite layoffs, Microsoft's stock price has soared, with the latest quarter reflecting a net revenue of $70.1 billion and a net profit of $25.8 billion."
"Phil Spencer mentioned that cutting Xbox staff was necessary for sustainable business operations, highlighting the challenging decisions being made at the company."
Microsoft is experiencing ongoing layoffs at Xbox, including cuts in its mobile game developer King, which is reducing its workforce by 10%. Similar layoffs are expected at Xbox's US studios and ZeniMax's European offices. These layoffs are part of a larger cost-cutting program at Microsoft, which has seen thousands of job cuts in recent years. Despite these reductions, Microsoft reported a net revenue of $70.1 billion and a net profit of $25.8 billion for the latest quarter, reflecting strong financial performance overall.
Read at GameSpot
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