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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 ...
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 ...
Microsoft announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales.But according to at least one analyst, the layoffs are a proactive move ...
Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington. [2] Founded in 1975, the company became highly influential in the rise of personal computers through software like Windows, and the company has since expanded to Internet services, cloud computing, video gaming and other fields.
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]
An estimated one-third of developers surveyed in 2020 by the GDC stated that COVID-19 caused a delay of the games they were working on, a combination of the pandemic and the remote working conditions. [134] By 2021, this had increased to 44% by 2021 in a subsequent GDC survey. [135] Some games that were delayed included:
The news comes months after Microsoft closed its $69 billion deal for Activision Blizzard, boosting its heft in the videogaming market with best-selling titles, including "Call of Duty", to better.
The Azure for Operators layoffs involved as many as 1,500 job cuts, it added, citing people familiar with the situation. The cuts come after the company shed 1,900 jobs at Activision Blizzard and ...