Microsoft Gaming to Layoff Nearly 650 Employees
The unfortunate move follows a previous wave of staff cuts earlier this year, after the newly acquired Activision Blizzard division sought to reduce “areas of overlap.”
The unfortunate move follows a previous wave of staff cuts earlier this year, after the newly acquired Activision Blizzard division sought to reduce “areas of overlap.”
The tech giant has begun to cull workers from the newly acquired division to reduce ‘areas of overlap’ during the integration effort, with Blizzard Entertainment president Mike Ybarra also exiting the company.
After winning the European Commission’s approval and triumphing over the FTC, the hard-fought acquisition may close by July 18 if the U.K.’s CMA block is rejected.
The approval brings the Microsoft-owned gaming behemoth one step closer to closing its nearly $70 billion purchase, but there is more work to be done before the deal is finalized.
New suits allege game company’s lack of transparency about the deal, as well as company insiders’ conflicts of interest.
Tech giant’s planned $68.7 billion purchase signals everyone that it’s all in on capturing future generations of gamers.
$7.5 billion cash deal for game maker’s parent, ZeniMax Media, expands software giant’s growing gaming business profile.
Microsoft to discontinue development of original series for its Xbox gaming platform and will close Xbox Entertainment Studios in the coming months.