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Xbox claims mass layoffs were the outcome of a ‘concerning’ lack of industry growth
Microsoft recently announced plans to cut 8% of employees at its gaming division…
Microsoft âs head of gaming has said the companyâs decision to cut 1,900 jobs was ultimately the result of a lack of growth in the industry. In a message sent to staff when the job cuts were announced, Spencer said the decision was taken after Microsoft and Activision âs leadership teams âset priorities, identified areas of overlap, and ensured that weâre all aligned on the best opportunities for growthâ. According to research firm Newzoo (via GamesIndustry.biz), the global games market generated an estimated $184 billion in 2023, representing a 0.6% increase over 2022, which itself was down 5% year-on-year.
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