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Market
Will Microsoft announce additional layoffs in the Xbox Games unit or Activision Blizzard by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Microsoft or credible news sources
Story
Microsoft to Cut 650 Jobs in Xbox Games Unit
Sep 12, 2024, 10:45 AM
Microsoft has announced plans to cut 650 jobs from its gaming division, primarily affecting corporate and support roles at the Xbox Games unit and Activision Blizzard. This marks the second significant round of layoffs following the company's $69 billion acquisition of Activision Blizzard. The layoffs, which account for 3% of Microsoft's global gaming workforce, were communicated to employees via a memo from Xbox chief Phil Spencer. Despite the job cuts, no games are being canceled, and no top executives are leaving the company.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Economic downturn • 25%
Restructuring • 25%
Merger/acquisition integration • 25%
Other • 25%
Increase by more than 5% • 25%
Increase by less than 5% • 25%
Decrease by less than 5% • 25%
Decrease by more than 5% • 25%