Microsoft's Decision To Shut Down Arkane Austin Called 'Stupid' By Studio Founder
Portfolio Pulse from Franca Quarneti
Microsoft's decision to shut down Arkane Austin, a studio known for games like Redfall and Prey, has been criticized by Arkane's founder, Raphaël Colantonio. The closure is part of a broader reorganization within Microsoft, which includes reducing its gaming division workforce by 1,900 employees. This move has raised questions about the impact on investor relations and the stock market.
November 01, 2024 | 7:28 pm
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Microsoft's decision to close Arkane Austin, part of a larger workforce reduction, has been criticized by industry veterans. This move may affect investor sentiment and stock prices.
The closure of Arkane Austin, a well-regarded studio, as part of a larger workforce reduction, could negatively impact Microsoft's reputation in the gaming industry. This decision may be perceived as prioritizing cost-cutting over creative talent, potentially affecting investor sentiment and leading to a short-term decline in stock prices.
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