The cuts work out to roughly 8 percent of the overall Microsoft Gaming division that stands at around 22,000 employees in total.
Corporation greed is real.
Corporations are not people. Workers are people.
Tell that to Citizens United v. FEC.
Citizens United is a bad ruling that was a big win for Republicans. And workers and people without money lost.
Mitt Romney: “Corporations are people, my friend.”
Microsoft basically tied with Apple for the title of richest company in the world, by the way.
its never enough. capitalism needs serious taxing and regulation to not be objectively disgusting.
but it feels like this experiment is over
They keep worrying about a recession - and then do things like layoffs which cause recessions.
Hey now, it’s impossible for them to coordinate on employment to prevent recessions!
Because every time they coordinate they form a cartel that causes a recession.
is there anyone on the planet that didn’t see this coming the moment the buyout was first announced?
Seemed obvious to me. There’s not that many different ways to quickly remove a toxic work environment. This one comes with large exec bonuses (lots of extra $ now, plus replacements start at base pay, win win!), so it gets the votes.
Everyone is kind of following the same trend now. It doesn’t matter if it is the right or wrong decision. Companies aren’t as creative as they used to be, so now they are just cannibalizing themselves in order to protect their wealth
Though it looks like the video game industry is about to go upside down. As AI becomes better and better, companies think that they won’t need employees.
In fact it is the reverse.
Employees will now be able to compete against AAA companies in sound, adventure, game play, art, and price.
As a gaming company that created palworld only had 4 people on their team and could make millions at selling a game for $30
Unlike AAA companies that now have to have $70 price tags, battle passes, expansions, cosmetic stores. And at the end of the day can’t even put out a decent working product.
Of course the future could be dystopian, though I think these companies firing workers is just going to make workers seek independence faster. And find it in AI.
🤖 I’m a bot that provides automatic summaries for articles:
Click here to see the summary
While Microsoft is primarily laying off roles at Activision Blizzard, some Xbox and ZeniMax employees will also be impacted by the cuts.
His influence will be felt for years to come, both directly and indirectly as Allen plans to continue mentoring young designers across the industry,” says Booty.
Booty says Microsoft will be “shifting some of the people working on it to one of several promising new projects Blizzard has in the early stages of development.”
Microsoft completed its $68.7 billion acquisition of Activision Blizzard in October, following 20 months of battles with regulators in the UK and US.
Former Activision Blizzard CEO Bobby Kotick stepped down at the end of December, with Microsoft not appointing a direct replacement.
The software maker is due to report its fiscal Q2 2024 earnings next week, which, for the first time, will include results from the impact of the Activision Blizzard acquisition.
Saved 62% of original text.
