Microsoft To Lay Off 1900 Employees At Activision Xbox
Months after Microsoft finalized its acquisition of video game company Activision Blizzard, the company is laying off 1,900 employees across its video game workforce, including Xbox, according to an internal memo first reported on by the Verge and since confirmed by other outlets—just the latest in a string of tech layoffs that have been announced this month. Microsoft finalized its acquisition of Activision Blizzard, the publisher of popular video games like Call of Duty and World of Warcraft, after scrutiny from regulators in both the U. S. and the U. K. The cuts come amid a string of other cuts in the gaming and tech industries. Last week, Riot Games, the company behind the video game League of Legends, announced more than 500 layoffs. Video game company Unity Software also cut 1,800 jobs earlier this month. In 2024 so far, tech companies like Wayfair, Google, Amazon, Twitch and Discord have all already announced layoffs.$68.7 billion. That’s how much Microsoft paid to acquire Activision Blizzard in the deal finalized in October.
All data is taken from the source: http://forbes.com
Article Link: https://www.forbes.com/sites/jamesfar...
#newsworld #newstodayoncnn #newstodayheadlines #newstoday #newstodaymsnbc #newstodayabc #
