Tag: Phil Spencer

1,900 Microsoft video game employees get the axe

Jorge Gonzalez
Microsoft video game employees laid off

Activision Blizzard and Xbox and ZeniMax brands have slashed their worker numbers. About 1,900 video game employees at Microsoft are being laid off, particularly in Activision Blizzard and Xbox, but also in ZeniMax. Mike Ybarra, Blizzard president, has also chosen to exit the company. As Blizzard’s survival game has been canceled, Ybarra is leaving, and massive layoffs are occurring. The layoffs are impacting around 9 percent of the video game employees in the Microsoft Gaming division, which currently employs about 22,000 people. “We have made the painful decision to reduce…

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Microsoft to purchase Activision Blizzard in $70 billion cash acquisition

L. Green
Microsoft to acquire Activision Blizzard

The tech giant says that it intends to purchase the struggling video game company due to the metaverse. Microsoft has announced its intentions to purchase the massive but troubled Activision Blizzard video game company for almost $70 billion. This will represent the largest deal ever at a time when people will be spending more time in the digital universe. In its Activision Blizzard purchase, Microsoft is betting that people will be spending a great deal more time in the digital world also known as the metaverse. This massive acquisition was…

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