- In a memo obtained by CNBC, Phil Spencer, CEO of Microsoft Gaming, told employees that the firm had taken the “difficult” decision to cut 650 roles at its Xbox division.
- Microsoft is making the redundancies to align its post-acquisition team structure following its blockbuster acquisition of Activision Blizzard for $69 billion.
- “We are deeply grateful for the contributions of our colleagues who are learning they are impacted,” Spencer said in the memo, which was sent to employees Thursday.
Microsoft
on Thursday said it is cutting 650 roles at its Xbox gaming division, in the latest major round of layoffs to hit the video game industry.
It marks the third series of redundancies in Microsoft’s video game unit since the company’s blockbuster acquisition of Activision Blizzard, the publisher behind the Call of Duty franchise, for $69 billion in cash.
The U.S. tech giant confirmed to CNBC that it is cutting hundreds of roles at Xbox, in “mostly corporate and supporting functions.”
Bloomberg News reported the development earlier on Thursday.
In a memo obtained by CNBC, Phil Spencer, CEO of Microsoft Gaming, told employees that the firm had taken this “difficult” decision to align its post-acquisition team structure and “organize our business for long term success.”
https://www.cnbc.com/2024/09/12/microsoft-to-cut-650-jobs-at-xbox-gaming-unit.html