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Microsoft to Lay Off 650 Employees in Xbox Division Microsoft is preparing for another wave of layoffs, with 650 employees from its Xbox division expected to be let go, according to Bloomberg News. Xbox head Phil Spencer addressed the team in a memo, stating that the cuts will largely affect corporate and support teams. During the pandemic, the gaming industry experienced significant growth, and Microsoft saw a surge in users and revenue with the launch of the Xbox Series X and Series S, alongside the success of its Game Pass service. However, as global conditions have normalized, the company has faced a noticeable decline in revenue from its gaming division. Earlier this year, Microsoft already implemented mass layoffs, closing several studios and canceling some projects, including a reduction of 1,900 employees in January from the Activision Blizzard and Xbox teams. Despite the restructuring, Spencer assured employees that no games, studios, or products would be canceled or shut down during this round of layoffs. For details: https://lnkd.in/dbpQn3Qm #Microsoft #Xbox #TechIndustry #GamingIndustry #Layoffs #GamePass #PhilSpencer

In a tough move for the gaming industry, Microsoft has announced the layoff of 650 employees from its gaming division. CEO Phil Spencer confirmed that while no studios or game titles will be impacted, the cuts are part of broader cost-saving measures following the $75 billion Activision Blizzard acquisition last year. The gaming industry has faced significant challenges post-pandemic, with Xbox hardware sales dropping by 42% in the latest quarter. Microsoft has now laid off over 2,500 workers since the merger, joining other gaming companies in a trend of declining workforce numbers. In total, over 11,500 employees from gaming companies have been laid off this year alone. As consumer spending remains below pre-pandemic levels, the gaming world braces for further shifts. What does this mean for the future of Xbox, and can Microsoft turn the tide? Stay tuned for more updates! #Microsoft #Layoffs #GamingIndustry #Xbox #PhilSpencer #ActivisionBlizzard #CorporateRestructuring #TechNews #BusinessNews

💥 𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭 𝐥𝐚𝐲𝐬 𝐨𝐟𝐟 𝐦𝐨𝐫𝐞 𝐠𝐚𝐦𝐢𝐧𝐠 𝐬𝐭𝐚𝐟𝐟 𝐢𝐧 𝐧𝐞𝐰 𝐜𝐮𝐭𝐬 💥 Microsoft is cutting 650 jobs from its gaming division following its $69bn Activision-Blizzard merger. The layoffs mostly impact corporate and support roles, with no games, devices, or studios being canceled or closed, according to Xbox boss Phil Spencer. This comes after earlier job cuts and studio closures this year. Spencer said the decision aligns teams for long-term success, although some teams will face changes due to shifting priorities. The gaming industry, including companies like Sony and Epic, has seen mass layoffs post-pandemic. Despite increased gaming revenue, Xbox hardware sales have declined. With Microsoft reshaping its gaming division, how do you think these changes will impact the future of Xbox games and player experiences? Source: BBC News ---------------------------------- 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝘆𝗼𝘂𝗿 𝗳𝘂𝘁𝘂𝗿𝗲 𝘄𝗶𝘁𝗵 𝘂𝘀 🌍Website: https://www.uctalent.io/ ☄️Twitter: https://x.com/uctalent_io 📱Facebook: https://lnkd.in/g2HMQrzE 🔔Announcement: https://lnkd.in/g7rchCmx 💬Chat: https://lnkd.in/g7Pxab5P 🐃 Feed your buffalo: https://lnkd.in/g43xDeHk #UCTalent #Microsoft #Xbox #ActivisionBlizzard #GamingNews

Microsoft layoffs: Multiple Xbox studios closed, teams consolidated as company cuts costs Full Article Link >>> https://lnkd.in/gWXEqHYi May 08, 2024 10:41 AM IST Microsoft layoffs: This comes as the company undergoes significant restructuring amidst a slowdown in gaming sector. Microsoft layoffs: Microsoft’s Xbox is set to close several gaming studios, including the famous Arkane Austin. This comes as the company undergoes significant restructuring amidst a slowdown in gaming sector. Matt Booty, head […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

💫This week, Microsoft revealed yet another wave of layoffs. Layoffs are a part of the IT giant's continuing attempts to reduce headcount. 📍Six months after purchasing Activision Blizzard—the company's largest acquisition at $69 billion 💵Microsoft let off 2,000 workers in its gaming division in January. 📍Shortly after Microsoft's fiscal year 2024 concluded on June 30, the company announced these layoffs. Microsoft eliminated almost 1,000 positions in June of this year, primarily in the HoloLens mixed reality division and the Azure cloud unit. 📍During the COVID-19 outbreak, Microsoft hired more people, but that number has now stabilized. Greekwire reports that as of the end of 2023, the corporation employed about 2,27,000 people globally, a decrease from 2,32,000 the year before. 📍3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results #sliet #istesliet #technews #linkedinfinds

Trouble in the Gaming Industry: Layoffs and Closures Shake Microsoft and Other Companies. Sad to see the gaming industry taking hits with layoffs and studio closures. . #gamingindustry #layoffs #microsoft #gamingstudio #layoffseason #gamingcommunity #gamingnews #industrychanges #companyclosures #joblosses

Microsoft layoffs: Multiple Xbox studios closed, teams consolidated as company cuts costs Full Article Link >>> https://lnkd.in/g4QGMmzw May 08, 2024 10:41 AM IST Microsoft layoffs: This comes as the company undergoes significant restructuring amidst a slowdown in gaming sector. Microsoft layoffs: Microsoft’s Xbox is set to close several gaming studios, including the famous Arkane Austin. This comes as the company undergoes significant restructuring amidst a slowdown in gaming sector. Matt Booty, head […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

What's New to TheStreet... 🎮Microsoft Cuts Jobs in Gaming Division🖥️ Microsoft is laying off around 650 employees from its video game business as part of cost-cutting measures. This move comes amid shifting priorities in the tech industry and rising operational costs. What’s next for Microsoft’s gaming division? Share your thoughts below!💬⬇️ 👉🏻Follow New To The Street for more! #microsoft #gamingindustry #layoffs #costcutting #technews #videogames #industrychanges #businessnews #business #news #newtothestreet

What's New to TheStreet... 🎮Microsoft Cuts Jobs in Gaming Division🖥️ Microsoft is laying off around 650 employees from its video game business as part of cost-cutting measures. This move comes amid shifting priorities in the tech industry and rising operational costs. What’s next for Microsoft’s gaming division? Share your thoughts below!💬⬇️ 👉🏻Follow New To The Street for more! #microsoft #gamingindustry #layoffs #costcutting #technews #videogames #industrychanges #businessnews #business #news #newtothestreet