Microsoft cuts 1,900 jobs as videogame layoffs hit Activision Blizzard and Xbox
From MarketWatch:
Microsoft Corp. is cutting 1,900 workers in its gaming business to reduce overlap following its acquisition of Activision Blizzard. This makes Microsoft the latest tech company to conduct videogame-related layoffs, joining Amazon, Unity Software, and Riot Games. Meanwhile, tech-sector layoffs have been a theme since 2023, with 82 tech companies laying off 23,670 employees globally so far in 2024. This pace, if maintained, would surpass the total from 2023, when 1,183 tech companies laid off 261,997 employees globally. Earlier this month, Xerox and eBay announced layoffs, and Alphabet’s X technology lab is also laying off dozens of workers.
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