News

Microsoft Announces Workforce Reduction in Gaming Division

1 Mins read

Microsoft has revealed plans to reduce its gaming workforce by approximately 1,900 employees, which accounts for around 9% of its total gaming staff. This includes positions held at recently acquired gaming giant, Activision Blizzard.

According to a report from The Verge, Phil Spencer, the head of Microsoft Gaming and Activision Blizzard, sent an email to employees communicating their commitment to developing a strategy and execution plan that is aligned with a sustainable cost structure to support the growing business. A Microsoft spokesperson has confirmed the authenticity of the email.

Spencer continued by stating that the company will continue to invest in key areas that will contribute to the expansion of their business and help in bringing more games to a wider audience globally.

Following this news, Microsoft’s shares saw a slight increase of 1% in early trading on Thursday, reaching $406.40.

The decision to lay off employees comes three months after Microsoft successfully completed its $69 billion acquisition of Activision Blizzard.

It is worth noting that this move by Microsoft aligns with recent trends in the gaming industry, where multiple organizations are reducing their workforce in response to a challenging environment. Companies such as Riot Games, Unity, and Twitch have also announced job cuts.

Related posts
News

Tron Inc. Debuts on Nasdaq as Justin Sun Rings Opening Bell - TokenPost

1 Mins read
Tron Inc., the largest holder of TRX, has achieved a major milestone by officially listing on the Nasdaq exchange, marking a historic…
News

EFCC Takes Sensitization Campaign On Virtual Assets, Money Laundering To CBN - InfoStride News

2 Mins read
Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday, July 24, sensitized officers of Central…
News

Binance's Top Trending Cryptocurrency Picks for Today, July 23, 2025

10 Mins read
Looking for what’s hot in crypto today, July 23, 2025? We’ve got the rundown on the top trending cryptocurrency picks you’ll find…

Leave a Reply

Your email address will not be published. Required fields are marked *

3 + 4 =