Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-09-12 14:30:42| Engadget

After slashing 1,900 jobs across Xbox and Activision earlier this year, Microsoft is laying off another 650 employees, according to an internal memo seen by The Verge. The cuts are again related to its Activision Blizzard acquisition and will mostly affect corporate and supporting functions, Xbox head Phil Spencer told employees.  "We have made the decision to eliminate approximately 650 roles across Microsoft Gaming... to organize our business for long term success," Spencer wrote. "No games, devices or experiences are being cancelled and no studios are being closed as part of these adjustments today."  Microsoft completed its $68.7 billion purchase of Activision Blizzard in October 2023, following a 21-month battle with regulators in the US and UK. To clear the deal with the UK's Competition and Markets Authority, Microsoft agreed to sell its cloud gaming rights to Ubisoft so that titles will appear on multiple game-streaming services.  Since then, the company has closed multiple game studios, including Redfall developer Arkane Austin, Tango Gameworks, Alpha Dog Games and Roundhouse Games. This article originally appeared on Engadget at https://www.engadget.com/gaming/xbox/microsoft-lays-off-another-650-xbox-employees-as-part-of-its-activision-deal-123042523.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

11.11Vasco da Gama's new kit honors its anti-racist legacy with sweat-activated design
10.11Sony's WH-1000XM5 headphones are $100 off in this Black Friday deal
10.11Sony is discontinuing its free PS5 PlayStation Camera adapter for PS VR
09.11Andor season two will hit Disney+ in April
09.11NetEase executives and workers were reportedly arrested amid a corruption investigation
09.11ChatGPT rejected 250,000 election deepfake requests
09.11Nintendo is suing a streamer of pirated software for millions of dollars
09.11Engadget review recap: Two new Macs, the PS5 Pro and more
Marketing and Advertising »

All news

11.11Will upward momentum in IT stocks continue? Aditya Arora answers
11.11Vasco da Gama's new kit honors its anti-racist legacy with sweat-activated design
11.11Niva Bupa Healthcare IPO sails through on last day of bidding process. Check GMP, other details
11.11Energy smart meter issues creating north-south divide
11.11PFC shares jump 7% post Q2 results; Brokerages maintain bullish outlook
11.11Goldman Sachs initiates coverage on Trent, sees upside potential of 27%
11.115 Key Lessons from Historical Market Crashes for Day Traders
11.11Aarti Industries shares tumble 9% as Q2 PAT falls 43% YoY
More »
Privacy policy . Copyright . Contact form .