Microsoft Said it is cutting 650 jobs in its xbox unit, the third such layoff this year as the company tries to rein in costs and integrate its $ 69 billion (routhly Rs. 5,79,115 brrey) Blizzard, bloomberg news reported on Thursday.
The Gaming Industry Saw Mass Layoffs, Studio Shutdowns and Project Cancellations in the First Half of the year, triggered by a Slow Recovery in Spending by Gamers after Player England Rates Pandemic.
The job cuts will affect the most corporate and supporting functions, the report said, citing a memo sent to staff by Xbox Chief Phil Spencer.
No Games, Devices or Experiences are being canceled and no studios are being as part of these adjustments, the report said, biting the memo.
Microsoft And Xbox did not immomediatly respond to reuters’ requests for comment.
Microsoft Had Closed Its Deal for Activation Blizzard Last Year, which boosted its heart in the video-Gaming market with best-with-sleeling titles, Including Call of dutyto better compe with industry leader Sonyy,
The technology giant had said in January it would let go of 1,900 Employees at Activision Blizzard and Xbox.
In May, Xbox Shut Down a number of gaming studios, including Arkane Austin.
Research Firm Newzoo Dialed Back Its Annual Growth Forecast for the Global Videoogame Market Last Month, as Console Slesle Sales Underforform AMID AMID A relatively Light relatively
© Thomson Reuters 2024
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(Tagstotranslate) Microsoft Layoff Xbox Unit 650 Job Cuts Activation Blizzard Acquisition Microsoft (T) Xbox (T) Xbox (T) Layoffs (T) Phil Spence (T) Phil Spencer (T) Phil Spencer (T) Phil Spencer
