lays

Microsoft is cutting around 1,900 jobs at Activision Blizzard and Xbox this week, news website The Verge reported on Thursday, citing an internal memo from the head of the company's gaming division.The cuts represent around 8% of the overall Microsoft Gaming division, with most of the layoffs set to happen at the recently acquired videogame publisher, Activision Blizzard.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied…

Microsoft is laying off 1,900 employees from Activision Blizzard, Xbox, and Zenimax teams. That’s roughly eight percent of the company’s workforce in the gaming department, which has around 22,000 employees at the moment. The latest news comes right after Microsoft reached $3 trillion market capitalization, becoming the second company, after Apple, to achieve the milestone. Losing a job is very painful, and our heart goes out to all the people who are being affected by this decision. The Verge has obtained an internal…

Microsoft laid 1,900 employees in its gaming division, according to an internal memo seen by The Verge on Thursday, with a majority of the layoffs hitting its newly acquired Activision Blizzard employees. Some Xbox and ZeniMax employees were also affected, according to the memo. The layoffs come roughly three months after Microsoft closed a $69 billion acquisition of Activision Blizzard.Warning! Microsoft Wants ChatGPT to Control Robots NextMicrosoft Gaming CEO Phil Spencer welcomed Activision, Blizzard, and King…

According to IGN, Microsoft has fired 1,900 employees from its video game divisions including Xbox and Activision Blizzard. The layoffs affect almost 9% of the 22,000 employees at the company. In a memo to staff, Microsoft Gaming CEO claims the layoffs come after leadership at Microsoft Gaming and Activision Blizzard identified areas of overlap following the recent acquisition of Activision, Blizzard, and King. Here is the full memo Phil Spencer sent to staff: It’s been a little over three months since the Activision,…

According to reporting from Kotaku, Black Forest Games has announced the termination of 50% of its overall workforce, which was said to be around 110 employees in 2023. They join a growing list of layoffs experienced in the industry, which continues to accelerate from last year. Black Forest Games is a German Developer who was responsible for Giana Sisters: Twisted Dreams, Titan Quest, and the recent Destroy All Humans remasters. They are currently working on an adaptation of the comic book mini-series, Teenage…

The United Kingdom’s Competition and Markets Authority (CMA) delivered a shocker this week when it blocked Microsoft’s acquisition of Activision Blizzard on Wednesday. While a lot of focus on Microsoft’s fight was centered around whether or not the acquisition would give Xbox consoles an unfair advantage over PlayStation consoles, what ultimately decided it was a much smaller market: cloud gaming.The idea of being able to stream the game you’re playing from the cloud has existed for well over a decade. Cloud gaming’s…

It’s been a little over three months since the Activision, Blizzard, and King teams joined Microsoft. As we move forward in 2024, the leadership of Microsoft Gaming and Activision Blizzard is committed to aligning on a strategy and an execution plan with a sustainable cost structure that will support the whole of our growing business. Together, we’ve set priorities, identified areas of overlap, and ensured that we’re all aligned on the best opportunities for growth.As part of this process, we have made the painful…

Autonomous vehicle technology company Aurora Innovation said on Wednesday it had cut 3% of its workforce as part of a reorganization exercise.Aurora had 1,700 employees by 2022-end, as per the company's securities filings. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and InnovationVisit"As we move toward commercial launch, we recently reviewed the…

Brex, the fintech startup that made a splash with corporate credit cards and moved into cash management accounts for tech companies, has cut its staff by 20%. Some 282 people were laid off Tuesday amid reports of heavy cash burns in the final three months of last year.It was just under a year ago that Brex saw a huge influx of customers and deposits, as Silicon Valley Bank collapsed. As the panic over that bank’s implosion spread, Brex saw billions of dollars pour in and over 4,000 new customers sign up, thanks to its…

We’re not even a month through 2024 and it’s looking to be a rough year for the games industry. Massive developer and publisher Riot Games, home to League of Legends and Valorant, announced today it has laid off 530 employees or roughly 11% of its workforce. Legends of Runetterra, Riot’s competitor to Hearthstone, is also seeing a reduction in team size and will shift focus to its Path of Champions PvE game mode. Riot Forge, a division of Riot Games that focuses on teaming up with established developers and creating…