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Microsoft lays off 1,900 employees in Activision Blizzard and Xbox divisions
Three months after completing its $68.7 billion acquisition of gaming company Activision Blizzard, Microsoft is laying off 1,900 employees in its gaming
According to an internal memo from Microsoft Gaming CEO Phil Spencer, first obtained by The Verge, the layoffs are part of a “an execution plan with a sustainable cost structure” that “identified areas of overlap” after the acquisition. “We will provide our full support to those who are impacted during the transition, including severance benefits informed by local employment laws,” Spencer’s memo reads. The rest of the tech industry hasn’t been spared either, with companies like Google, Amazon, TikTok and others making cuts.
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