Microsoft plans to lay off 1,900 employees, mostly from Activision Blizzard

Binance News · 2024-01-25T22:12:27.000Z

Despite recently becoming only the second company to ever hit a \$3 trillion market cap, Microsoft is planning to lay off 1900 employees across its Activision Blizzard and Xbox divisions this week, Decrypt reports . The cuts will reportedly amount to around 8% of Microsoft's total gaming workforce (which numbers around 22,000), with the majority of them coming from Activision Blizzard. The tech giant's \$69 billion acquisition of the embattled publisher finally went through three months ago, after a protracted regulatory battle. One of Blizzard's upcoming survival games has reportedly been canceled , and Blizzard president Mike Ybarra and chief design officer Allen Adham are both departing the company. However, Blizzard is said to be continuing work on other games, and staff who were working on the canceled title will be reassigned to other projects within the company.

Despite having just become the second company to reach a market value of $3 trillion, Microsoft plans to lay off 1,900 employees in its Activision Blizzard and Xbox divisions this week, according to Decrypt. These layoffs account for about 8% of the total number of employees in Microsoft's gaming division (about 22,000), and most of them will occur in the Activision Blizzard division. Three months ago, Microsoft finally acquired the tech giant for $69 billion after a long regulatory battle. According to reports, an upcoming survival game from Blizzard has been canceled, and Blizzard President Mike Ybarra and Chief Design Officer Allen Adham will also leave. However, it is reported that Blizzard is still developing other games, and the employees originally responsible for this canceled game will be transferred to other departments.

Microsoft plans to lay off 1,900 employees, mostly from Activision Blizzard

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