BusinessMicrosoft cuts more jobs in its gaming division

Microsoft cuts more jobs in its gaming division

-

Xbox owner Microsoft is to cut about 650 staff from its gaming division in a new round of job losses after its $69bn merger deal.

The software giant said staff working in “mostly corporate and supporting functions” worldwide would be affected.

It laid off 1,900 staff in January and, in May, closed four studios bought before its purchase of Call of Duty maker Activision-Blizzard.

In a memo to workers shared online, Xbox boss Phil Spencer said “no games, devices or experiences are being cancelled and no studios are being closed” due to the latest layoffs.

Microsoft’s purchase of Activision-Blizzard in October also included Candy Crush maker King and followed its buyout of Zenimax, which owns Fallout maker Bethesda.

Mr Spencer told staff Microsoft had tried to “minimize disruption” as it brought in new teams in the months since the multibillion-dollar acquisition.

He said the decision to cut more jobs – about 3% of its gaming staff – was made “as part of aligning our post-acquisition team structure” and organizing the business “for long-term success”.

Although he said games and studios would not be affected he said there would be “some impacts to other teams as they adapt to shifting priorities and manage the lifecycle and performance of games”.

Mr Spencer acknowledged the news would be “difficult” for workers and thanked those affected for their contributions to the company.

The games industry has been hit by mass layoffs over the past two years following a rush of investments and acquisitions amid record profits and player numbers during the Covid-19 pandemic.

PlayStation maker Sony, League of Legends creator Riot Games and Fortnite owner Epic have been among those to lay off hundreds of workers.

Microsoft received particular criticism over the closures of critically acclaimed studios Arkane Austin and Tango Gameworks earlier this year.

Xbox boss Mr. Spencer told gaming website IGN he was expected to run a “sustainable” gaming business and show growth during a June interview.

And speaking during an official Xbox stream at Gamescom last month, he said the was “a high bar” inside Microsoft for the company’s gaming division.

The post Microsoft cuts more jobs in its gaming division appeared first on www.enclave.news.

Latest news

Salvador Dali Prints Found

A treasure trove of prints signed by Spanish surrealist Salvador Dali which had been "tucked away and forgotten" for...

Investors Lay Siege To Boardroom Of London-Listed Private Rental Group

A group of shareholders in PRS REIT, a London-listed investment trust, are laying siege to its boardroom in a...

Lego Drive For Green Bricks Is Raising Costs

Lego says a drive to remove fossil fuels from its bricks is making further progress but the alternatives, while...

Oasis Reunion: Maldron Hotels Accused Of Cancelling Booking On Concert Night Before

A hotel chain in Manchester has been accused of cancelling a booking after the Oasis reunion was announced -...

Must read

More

    Elon Musk targets Microsoft in expanded OpenAI lawsuit

    Elon Musk has expanded his lawsuit against the ChatGPT...

    Meta rides AI boom to stellar quarterly earnings, but slightly less than expected

    Meta’s blowout year continues after the company reported another...

    You might also likeRELATED
    Recommended to you