Microsoft will lay off 1,900 employees at Activision Blizzard and Xbox. The company thus continues the trend of mass layoffs in the tech sector, which has been observed over the past year. Reuters writes about this.
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The cuts amount to about 8% of the total Microsoft division Gaming and most will happen at Activision Blizzard. The president and chief designer of the company are leaving along with the employees. The release of the new game, which was being developed by Blizzard, was also canceled.
In total, Microsoft laid off about 10 thousand workers over the last year.
Recall that only a few months have passed since Microsoft bought Activision Blizzard for $69 billion. This agreement was announced back in 2022, but in order to carry it out, the company had to win the court and obtain permission from antitrust regulators in several countries.
Other large companies such as Alphabet , Amazon and eBay have also laid off thousands of workers in recent weeks to cut costs and improve profitability.
According to the website Layoffs, 76 tech companies laid off more than 21,000 workers in January.
p>According to the Challenger, Gray and Christmas report, the technology sector shed more than 168,000 jobs in 2023 and has the most layoffs of any economic sector.