Phil Spencer stated, "We have made the decision to eliminate approximately 650 roles across Microsoft Gaming... to organize our business for long term success." This reflects Microsoft’s strategic restructuring following the Activision acquisition.
Despite the layoffs, Spencer emphasized, "No games, devices or experiences are being cancelled and no studios are being closed as part of these adjustments today." This indicates a focus on maintaining project continuity amid the cuts.
Microsoft's acquisition of Activision Blizzard, completed for $68.7 billion, involved significant regulatory scrutiny that led to the sale of cloud gaming rights to Ubisoft for compliance.
The layoffs come after previous job cuts of 1,900 earlier this year across Xbox and Activision, showcasing a continuing trend of reduction in workforce related to evolving business strategies.
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