Glam Turns Gloomy - Games Takes Another Hit as Microsoft Lays Off 1,900
This has been a bad turned horrible week for employment in the once-glam games niche. Riot Games had axed 530. Now, Microsoft, following its acquisition of Activision Blizzard, is laying off 1,9000, reports CNBC.
The reasons Microsoft gives for terminating 9% of its gaming employees include:
New Strategy
Cost Efficiency
Redundancies Resulting from the Merger.
More layoffs in gaming are probable. The Game Development Conference survey found that 56% anticipated more cuts in 2024.
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