Microsoft has announced a new wave of layoffs within its Microsoft Gaming division, impacting around 650 employees. This follows a previous round of cuts several months ago, during which the company laid off 1,900 workers from Activision Blizzard and Xbox, and shut down several game studios, inc...
Microsoft shares were largely flat on the news, in part because layoffs are often expected after large mergers close. Microsoft's $69 billion acquisition of Activision Blizzard was the company's largest ever deal, more than double the size of its 2016 purchase of L...
Velasco, Schuyler
In China, layoffs were also ongoing, with the Bytedance event late in the year being probably the biggest. What’s notable about the Bytedance layoffs is that it was mainly driven by the company’s shifting strategic priorities, rather than financial pressures or over-expansion per se. When By...
1– An End to Video Game Industry Consolidation and Mass Layoffs Why start small, right? If you got wishes, throw them at a big problem. Unfortunately that lamp I was rubbing the other day… I hope that was a lamp… didn’t promise me anything. And an “end” might be too big of...
by Alan Velasco — Monday, June 17, 2024, 10:32 AM EDT Comments President of FromSoftware, Hidetaka Miyazaki, shared his distaste for all the layoffs currently plaguing the gaming industry this year during an interview with PC Gamer. He said that "speaking to myself and this company, I ...
Disco Elysium Developer ZA/UM Confirms Layoffs, Issues Statement Disco Elysium developer ZA/UM has confirmed to Insider Gaming that it has made the decision to layoff employees go amid the cancellation of project X7 at the studio. Though not confirming the amount of people let go, the studio...
Gaming Idustry.biz –Daybreak confirms “less than 15” layoffs This entry was posted inDaybreak Game Company,entertainmentand taggedCold Iron,EG7,Enad Global 7,My Singing Monsters,PlanetSide 2onFebruary 16, 2024. Nice Things? Never! Investors Demand EG7 be Sold!
Why close a valuable studio likeTango Gameworks, among other layoffs, if a quality pipeline is the key? What about the immediate portfolio, and where is the upside? It’s a light quarter upcoming for first-party, even with ActiBlizz. (I will note October to December will be more active ...
The Washington Post on Tuesday became the latest media company to conduct layoffs, cutting 20 roles in a move that publisher Fred Ryan had indicated last month the newspaper would take in early 2023. Sally Buzbee, executive editor of The Post, described the decision to cut the jobs as “di...