Xbox workers stunned after jobs 'bloodbath'
Summary
Microsoft’s Xbox division announced it is cutting about 3,200 jobs, around 20% of its staff, over the next year. The company says the layoffs are needed to focus more on its biggest and most popular video game series.Key Facts
- Xbox is laying off about 3,200 employees, with half losing their jobs immediately.
- These cuts represent roughly 20% of Xbox’s total workforce.
- The layoffs follow a memo from Xbox CEO Asha Sharma announcing a "reset" of the business.
- The goal is to put more resources into popular game franchises like The Elder Scrolls, Fallout, and Call of Duty.
- Xbox’s acquisitions include ZeniMax/Bethesda and Activision Blizzard, bought for $69 billion in 2023.
- Many employees say the cuts remove experienced talent and have caused uncertainty and shock.
- Job reductions in the video game industry have been common since 2022 due to over-hiring during the pandemic boom.
- Rising production costs, changing customer habits, and investments in AI have affected the gaming market.
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