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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 ...
Some 7,800 employees have been let go across companies ranging from Microsoft and Sony to Unity and Riot , according to the site Game Industry Layoffs, which tracks public layoff announcements.
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 ...
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 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 ...
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
Microsoft’s layoffs have been among the most high-profile, given the number of people impacted and the company’s prominent standing, but it’s hardly the only gamemaker struggling today.