Reported 27 days ago
Microsoft is laying off around 650 employees from its Xbox division, highlighting ongoing job cuts in the video game industry. Analyst Michael Pachter explains that these layoffs are largely due to redundancy after Microsoft's acquisition of Activision Blizzard and a shift in the industry towards in-game purchases rather than high upfront game sales. He cautions that while companies are 'right-sizing' after pandemic hiring surges, they may be cutting too many jobs.
Source: YAHOO