Microsoft Cuts 650 Xbox Jobs Amid Restructuring Following Activision Blizzard Deal (Updated)
Portfolio Pulse from Rounak Jain
Microsoft has laid off 650 employees in its gaming division as part of a restructuring following its $68.7 billion acquisition of Activision Blizzard. This move is part of a broader strategy to integrate new teams and streamline operations, affecting about 8% of its gaming workforce.
September 12, 2024 | 11:31 am
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Microsoft has laid off 650 employees in its gaming division as part of restructuring efforts following its acquisition of Activision Blizzard. This is part of a broader strategy to integrate new teams and streamline operations.
The layoffs are part of Microsoft's strategy to integrate Activision Blizzard and streamline operations. While this may lead to long-term efficiency, the immediate impact on stock price is neutral as the market has already reacted to the acquisition news.
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