Microsoft lays off 1,900 workers, nearly 9% of gaming division, after Activision Blizzard acquisition
Publishing timestamp: 2024-01-25 12:47:21
Summary
Microsoft is laying off 1,900 employees, representing 9% of its Gaming unit, following its acquisition of Activision Blizzard. The layoffs are part of a larger execution plan to reduce areas of overlap. The president of Blizzard and the design leader are leaving, and Blizzard will stop developing a new survival game. Tech companies have been making deep cuts in 2024, and Microsoft's acquisition of Activision Blizzard was its largest ever. Microsoft shares were largely unaffected by the news.
Sentiment: NEGATIVE
Keywords: microsoft corp, personnel, labor economy, breaking news: technology, sap ag, business news,