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In the memo, Microsoft Gaming CEO Phil Spencer said that the layoffs were intended to minimize “areas of overlap.” NBC News has not reviewed the memo. In the memo, which was shared in full by ...
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [17]
The layoffs hitting the gaming industry are largely the result of a handful of trends coalescing. The chief overarching issue comes down to publishers and developers overspending throughout 2021 ...
While Microsoft’s layoffs will result in a $1.2 billion charge, equal to about $ -0.12 per share, Ives says the move was prudent. “I view it as a proactive, smart move that we’re going to ...
Microsoft Gaming is an American video game company headquartered in Redmond, Washington, US, founded on January 18, 2022. After several acquisitions, Microsoft Gaming has become one of the largest video game companies , and it has one of the largest in-house development team, with more than 20,100 employees working in over 40 studios in 17 ...
A WARN notice filed on May 7 details layoffs from Austin-based gaming company Arkane Studios where 96 employees no longer have jobs.. The company, which is owned by tech and gaming giant Microsoft ...
Microsoft is making even more cuts to the staff roster of its Xbox gaming division.. The company on Thursday announced plans to lay off 650 employees, which will bring the total number of job ...
His dual layoffs might have been worse than what many others experienced, but Welfle is hardly alone in getting hit by what appears to be some employers' penchant for regular layoffs, particularly ...