All Topics
All Topics
Technology
Technology
AI
AI
Business
Business
Entertainment
Entertainment
News
News
Programming
Programming
Security
Security
Science
Science
Design
Design
Environment
Environment
Finance
Finance
Crypto
Crypto
Politics
Politics
Sports
Sports
Education
Education
Gaming
Gaming
Art
Art
Music
Music
Health
Health
Books
Books
Food
Food
Travel
Travel
Personal
Personal
Bluesky
Twitter

IO Interactive lays off staff after Xbox withdraws from Project Fantasy publishing deal

By

Sal Romano

4d ago· 2 min readenNews
businessgaming

Summary

IO Interactive has announced layoffs after Xbox pulled out of Project Fantasy, a game announced in February 2023. Xbox confirmed it was the publishing partner that ended the relationship, though a Microsoft spokesperson stated the company is not reducing overall investment in games but shifting where it invests. The news follows leaks from the FTC v. Microsoft court proceedings.

Source

bskyIO Interactive lays off staff after Xbox withdraws from Project Fantasy publishing dealgematsu.com

Key quotes

· 3 pulled
We're not reducing our overall investment in games.
We expect to invest about the same in content as we did last year.
What's changing is where we're investing and the kinds of projects we're backing.
Snippet from the RSS feed
IO Interactive has announced layoffs following the end of its relationship with an external partner involved in its February 2023-announced Project Fantasy. Xbox has confirmed to Bloomberg, followi…

You might also wanna read

Xbox Ends Project Fantasy Deal as IO Interactive Cuts Jobs

Outlook Respawn·3d ago

007 First Light studio IOI facing layoffs as Xbox pulls funding for Project Fantasy RPG

eurogamer·3d ago

Microsoft's Gaming Division Faces Layoffs and Game Cancellations

Microsoft made significant layoffs in its gaming division, including the cancellation of high-profile games like Rare's Everwild and The Ini

polygon·1y ago

Xbox to cut hundreds of jobs and end vendor contracts in largest layoffs in company history

Microsoft's Xbox division is preparing for what is expected to be the largest wave of layoffs in its 25-year history, with hundreds of job c

insider-gaming.com·5d ago

Xbox to cut hundreds of jobs and end vendor contracts in largest layoffs in company history

Microsoft's Xbox division is preparing for what is expected to be the largest wave of layoffs in its 25-year history, with hundreds of job c

insider-gaming.com·5d ago

Unionized Xbox Workers Demand Layoff Protections as Microsoft Gaming Division Faces Expected Job Cuts

Unionized Xbox workers, represented by the Communications Workers of America (CWA), are demanding layoff protections ahead of expected major

ign.com·5d ago

Kojima's Xbox Horror Game OD Spared as Microsoft Reassesses Game Investments; IO Interactive Hit by Layoffs

Hideo Kojima's upcoming Xbox horror game OD is reportedly safe from Microsoft's ongoing business "reset" and investment reassessment, accord

ign.com·4d ago

Comments

Sign in to join the conversation.

No comments yet. Be the first.