US Edition
Analysis: Reports of More Gaming Layoffs at Microsoft Spark Questions About Future of Xbox
- Microsoft is planning another round of substantial layoffs in its gaming division, including Xbox, as early as next week in 2024.
- These layoffs follow previous cuts of 1,900 employees in January 2024 and 650 more in September, after Microsoft completed its $69 billion acquisition of Activision Blizzard in October 2023.
- The gaming division generated $21.5 billion in revenue during Microsoft’s 2024 fiscal year, with Xbox content and services revenue rising eight percent year-over-year, while managers expect the cuts to affect multiple teams across the group.
- Phil Spencer highlighted that their responsibility within the company is to manage Xbox as a successful and sustainable business, ensuring continued growth and investment even while implementing cost-saving measures.
- The upcoming layoffs suggest Microsoft aims to streamline operations and maintain financial health amid industry changes, including an AI-driven labor market shift affecting previously stable tech roles.
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24 Articles
24 Articles
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Left
5
Center
2
Right
Coverage Details
Total News Sources24
Leaning Left5Leaning Right0Center2Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 29%
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