ADVERTISEMENT
TechEconomy
Wednesday, May 14, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Microsoft Cuts 650 Jobs at Xbox in Post-Acquisition Restructuring

Microsoft Cuts 650 Jobs at Xbox in Post-Acquisition Restructuring

Joan Aimuengheuwa by Joan Aimuengheuwa
September 12, 2024
in Gadgets and Appliances
0
Microsoft Cuts 650 Jobs at Xbox in Post-Acquisition Restructuring
Microsoft Cuts Jobs at Xbox

Microsoft Cuts Jobs at Xbox

RelatedPosts

Samsung Real QLEDs

Why Samsung’s Real QLEDs Are the Gold Standard and Why You Should Choose Them

May 9, 2025

Sandisk Showcases Innovative Storage Solutions at GITEX AFRICA 2025

April 15, 2025

Microsoft has announced the dismissal of 650 staff members from its Xbox division, making up the third set of layoffs within the gaming unit since its acquisition of Activision Blizzard.

The company is working to streamline its operations following the $69 billion deal, which brought the company well-known gaming titles such as ‘Call of Duty’. 

The latest round of job cuts will primarily impact corporate and supporting roles within the Xbox division. In a memo to staff, Microsoft Gaming’s CEO, Phil Spencer, acknowledged the challenges of making such decisions but emphasised the need to reorganise the business to ensure long-term success. 

While these redundancies represent a big change, Spencer assured that no gaming projects, devices, or studios would be affected by cancellations or closures.

Spencer also confirmed that employees affected by the cuts in the United States would receive severance packages, healthcare extensions, and outplacement services, while those in other countries would be supported according to local labour laws. 

He reiterated that the restructuring is intended to align the company’s resources more efficiently to support growth in its gaming business.

United BANK

The gaming sector has experienced huge job losses globally, with major companies like Sony and Unity also announcing cuts. 

Microsoft’s latest layoffs follow earlier ones in January when the company let go of 1,900 employees. In May, the company closed several studios, including Arkane Austin and Tango Gameworks, though it did not disclose the exact number of employees affected at that time.

The video game industry has been hit with challenges in recent years, worsened by a downturn in player spending post-pandemic. Research firms have even reduced their growth forecasts for the sector, due to underwhelming console sales and fewer major game releases this year.

Loading

United BANK

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares

Tags: MicrosoftMicrosoft layoffs 650 jobsPhil SpencerXbox
Previous Post

NITDA Launches 2024 Digital Nigeria Innovation Challenge with ₦11 Million in Cash Prizes

Next Post

15Wins Ventures Embarks on ₦5bln Fundraising to Empower Nigerian Startups

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Samsung Real QLEDs
Gadgets and Appliances

Why Samsung’s Real QLEDs Are the Gold Standard and Why You Should Choose Them

by Techeconomy
May 9, 2025
0

A QLED TV is a type of TV that uses Quantum Dot technology to deliver better picture quality than regular...

Read more
Sandisk GITEX AFRICA 2025

Sandisk Showcases Innovative Storage Solutions at GITEX AFRICA 2025

April 15, 2025
refurbished Phones market -

Rising Tariffs Drive Demand for Refurbished Phones, Laptops

April 14, 2025
Sandisk at NAB Show 2025 -

SanDisk Showcases Next-Gen Storage Solutions at NAB Show 2025

April 9, 2025
SSD Data Backup Mistakes to avoid

Backup Data Resiliency: Backups Alone Aren’t Enough 

March 31, 2025
Data and storage

Data: The Key Asset that is Shaping the Future of Business

March 30, 2025
Next Post
Joble by Nelson Tosin Ajulo, 15Wins Ventures

15Wins Ventures Embarks on ₦5bln Fundraising to Empower Nigerian Startups

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

Audio Player
CYBERSECURITY ESSENTIALS
Techeconomy Podcast
CYBERSECURITY ESSENTIALS
BUILDING STRONGER NETWORKS AND COMMUNITIES[...]
  • 0.8
  • 1
  • 1.2
  • 1.5
  • 2
Download
  • Facebook
  • Twitter
  • Linkedin
  • Copy episode link Copied
  • Download
Captions
00:00
00:00
CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

Video Player
https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
00:00
00:00
00:31
Use Up/Down Arrow keys to increase or decrease volume.
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.