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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.
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 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 company also donated US$250,000 to the Coalition of Epidemic Preparedness Innovations and the WHO COVID-19 Solidarity Response Fund to help fight the pandemic and encouraged the players of the game to do the same. [126] The 2018 digital adaption of Pandemic by Asmodee experienced an increase in sales. [122]
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.
Spencer and Microsoft president Brad Smith reassured that Microsoft will continue these existing agreements and expressed their desire to keep Call of Duty and other popular Activision Blizzard games on PlayStation beyond the terms of these agreements, as well as explore the opportunity to bring these games to the Nintendo consoles.
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 ...