Xbox to cut hundreds of jobs and end vendor contracts in largest layoffs in company history
By
Mike Straw
Summary
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 cuts planned in the coming weeks as the company's fiscal year ends. As part of cost-cutting measures, Xbox is ending contracts with third-party vendors, including its long-time PR firm Assembly, which is already laying off staff as a result.
Source
bskyXbox to cut hundreds of jobs and end vendor contracts in largest layoffs in company historyinsider-gaming.comKey quotes
· 3 pulledThings are already in motion for what's expected to be the largest single group of job cuts in Xbox's 25-year history.
With Microsoft's fiscal year coming to an end on Tuesday, June 30, plans are already in place to cut costs and lay off hundreds of employees in the coming weeks.
According to Bloomberg's Jason Schreier, the company is ending various contracts and cutting its vendors.
You might also wanna read
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
Microsoft Hits $4T Valuation Amid Layoffs of 25,000 Employees
Microsoft has reached a $4 trillion valuation, but this financial success contrasts sharply with its recent layoffs of 25,000 employees, inc
computerworld.com·10mo ago
Sony Confirms Bungie Layoffs Hit Most of Destiny Team and Marathon Staff
Sony has confirmed that Bungie's layoffs affect most of the Destiny team, some Marathon staff, and SIE teams that support Bungie. The layoff
thegamepost.com·4d ago
Sony Confirms Major Bungie Layoffs: Most of Destiny Team and Some Marathon Staff Affected
PlayStation CEO Hermen Hulst has confirmed that Bungie will undergo significant layoffs affecting "most of the Destiny team and some Maratho
ign.com·4d ago
Two Senior Xbox Game Studios Executives Depart Amid Layoff and Studio Closure Concerns
Two senior Xbox Game Studios executives — head Craig Duncan and chief of staff Louise O'Connor — are departing Microsoft after decades at th
ign.com·8d ago
Report: XBOX pauses third-party Game Pass deals amid restructuring
According to recent claims, XBOX is pausing or slowing down third-party developer deals for its Game Pass subscription service. This comes a
insider-gaming.com·13h ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.