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Job cuts are continuing into 2025 following waves of reductions last year. Companies such as Meta, Microsoft, BlackRock, and BP are conducting layoffs. See the list of companies letting workers go ...
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]
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.
A spokesperson for Microsoft declined to comment, but confirmed details in The Verge's report, including the contents of an internal memo sent by Microsoft’s game content and studios president ...
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 ...
Microsoft would also come to dominate the office suite market with Microsoft Office. The company has diversified in recent years into the video game industry with the Xbox , the Xbox 360 , the Xbox One , and the Xbox Series X/S as well as into the consumer electronics and digital services market with Zune , MSN and the Windows Phone OS.
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 COVID-19 pandemic, inflation, and shrink were cited as major reasons for the closure. [4] The company had considered filing for bankruptcy prior to the announcement. [ 5 ] Later, in May 2024, it was reported that Dollar Tree had acquired the leases of at least 170 former 99 Cents Only Stores locations, which would reopen as Dollar Tree ...