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What will be the primary reason cited for the next round of layoffs at Microsoft, if any, by the end of 2024?
2
Resolution / Starting Odds
Economic downturn • 25%
Restructuring • 25%
Merger/acquisition integration • 25%
Other • 25%
Official announcements from Microsoft or credible news sources
Story
Microsoft to Cut 650 Jobs, 3% of Xbox Workforce
Sep 12, 2024, 11:20 AM
Microsoft announced it will cut 650 jobs, or 3% of its global workforce, in its gaming division, impacting primarily corporate and support roles at Activision Blizzard. This marks the third round of layoffs this year for the tech giant, following the completion of its $69 billion acquisition of Activision Blizzard. Xbox chief Phil Spencer communicated the layoffs to employees via an internal memo. Despite the job cuts, no games or studios will be affected. The latest cuts come months after Microsoft laid off 1,900 Activision Blizzard and Xbox employees.
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Running in the Red • 25%
Sony Restructuring • 25%
Other • 25%
Cost-cutting measures • 25%
Underperformance • 25%
Restructuring • 25%
Economic downturn • 25%
Google • 25%
Amazon • 25%
Apple • 25%
Other • 25%
Cryptocurrency Investment • 25%
AI and Machine Learning Investments • 25%
Cloud Computing Expansion • 25%
Other • 25%
Cost-cutting measures • 25%
Shift to electric vehicles • 25%
Market competition • 25%
Other • 25%
Yes • 50%
No • 50%
Cost-cutting measures • 25%
Restructuring • 25%
Declining viewership • 25%
Other • 25%
Toxic content • 25%
Lack of engagement • 25%
Platform instability • 25%
Other • 25%
Security • 25%
Functionality • 25%
Ease of use • 25%
Other • 25%
CEO Compensation • 25%
Layoffs • 25%
Cybersecurity • 25%
Diversity and Inclusion • 25%
Safety concerns • 25%
Policy changes • 25%
Technical issues • 25%
Other • 25%