Microsoft layoffs: Microsoft's Xbox is set to close several gaming studios, including the famous Arkane Austin. This comes as the company undergoes significant restructuring amidst a slowdown in gaming sector. Matt Booty, head of Xbox Game Studios, said in an internal memo that Tokyo-based Tango Gameworks, the creator of "Hi-Fi Rush" and Canada-based Alpha Dog, are among the studios facing closure. However, the exact number of employees affected remains undisclosed, news agency Reuters reported.
Microsoft layoffs: A Microsoft logo is seen on an office building in New York City, US.
{{^htLoading}} {{/htLoading}}
Matt Booty said that the decision will help the company to streamline operations as resources will be reallocated to support Xbox's game portfolio and nurturing new intellectual property. The "reprioritisation of titles and resources" is concomitant with Microsoft's commitment to innovation and future growth within the gaming sector, Matt Booty asserted.
No, Microsoft's Xbox content and services segment reported a substantial 62% surge in third-quarter revenue last month following the acquisition of Activision Blizzard.
Take-Two Interactive announced shutdown of two subsidiary studios as part of a broader restructuring effort last week. Earlier this year, Microsoft began significant layoffs affecting 1,900 employees across Activision and Xbox.
{{/usCountry}}
{{#usCountry}}
Take-Two Interactive announced shutdown of two subsidiary studios as part of a broader restructuring effort last week. Earlier this year, Microsoft began significant layoffs affecting 1,900 employees across Activision and Xbox.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Microsoft layoffs: Multiple Xbox studios closed, teams consolidated as company cuts costs
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
