© Reuters. Microsoft (MSFT) set to lay off 1,900 gaming division employees
According to a report from The Verge, Microsoft (NASDAQ:) is laying off 1,900 workers at Activision Blizzard and Xbox this week.
A memo from Microsoft Gaming CEO Phil Spencer, seen by the publication, says the layoffs will primarily be at Activision Blizzard. However, there will also be some Xbox and ZeniMax employees impacted.
The cuts represent around 8% of the overall Microsoft Gaming division.
“As we move forward in 2024, the leadership of Microsoft Gaming and Activision Blizzard is committed to aligning on a strategy and an execution plan with a sustainable cost structure that will support the whole of our growing business,” the memo reportedly reads.
“As part of this process, we have made the painful decision to reduce the size of our gaming workforce by approximately 1900 roles out of the 22,000 people on our team.”
As well as the layoffs, The Verge said Activision Blizzard president Mike Ybarra has also decided to leave the company, with Microsoft planning to name a new president next week.
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