Search results
Results From The WOW.Com Content Network
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.
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.
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 ...
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 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.
On January 25, 2024, Microsoft announced it was cutting 1,900 jobs from Microsoft Gaming, approximately 8% of its workforce. Layoffs included several Activision Blizzard studios, and also led to the cancellation of a survival game that was being developed by Blizzard over the previous six years.
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 ...
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 ...