Xbox Confirms Plans To Lay Off 3,200 Workers Over The Next Year
Half of the job cuts are taking place immediately while four studios are moving to new ownership.
As expected, Microsoft is gutting its Xbox teams once again. It had been widely reported that the company would let a large number of staff go following the end of its fiscal year on June 30 as it seeks higher profit margins and greater efficiency in its gaming unit. In a memo to staff that was shared publicly, Xbox CEO Asha Sharma confirmed that the division plans to let around 3,200 employees go over the next year across Activision, Bethesda/ZeniMax, Blizzard, King, Mojang and Xbox Game Studios, with 1,600 job cuts taking place immediately.
Xbox has announced that four of its studios will continue under new owners. South of Midnightdeveloper Compulsion Games and Double Fine Productions will go independent "with their IP, catalog, and runway for their next games," Sharma said....
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