Xbox Studios Faces Layoff Fears Amid Leadership Changes and Job Cuts
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Key Takeaway
Matt Booty reassured Xbox staff that there are no layoffs planned despite fears stemming from Microsoft's recent job cuts in the gaming sector. The company has faced significant layoffs following its acquisition of Activision Blizzard, raising concerns about future organizational changes under new leadership.
Matt Booty told Xbox staff there ... sparked layoff fears. The anxiety stems from Microsoft cutting thousands of gaming jobs and closing studios since its $69 billion Activision Blizzard acquisition. Booty's reassurance faces skepticism given Sharma's expansion mandate and a 9% drop in gaming revenue last quarter. Hours after Microsoft announced the retirement of Phil Spencer, the appointment of AI executive ...
Original reporting — we curate and summarize for context
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