Microsoft Acquires Gaming Giant, Lays Off 1,900 Workers
In a move that shocked absolutely no one, Microsoft has announced the layoff of 1,900 workers from Activision Blizzard and its own Xbox division. Because who needs employees when you’ve got a $69 billion acquisition deal to celebrate?
The Verge reports that this massive layoff represents eight percent of the company’s workforce in gaming. So if you’re an employee at either Activision Blizzard or Xbox, watch your back because it seems like no one is safe.
This comes just months after Microsoft acquired Activision Blizzard for almost $69 billion in what can only be described as a “monster deal.” And by monster deal, we mean they paid an exorbitant amount of money for some video games.
But fear not! According to an internal memo obtained by The Verge, Microsoft’s leadership is committed to aligning on a strategy and execution plan with a sustainable cost structure that will support the whole growing business. Translation: We’re cutting costs so we can make even more money!
And if you thought the fallout was limited to just layoffs, think again! Blizzard President Mike Ybarra has reportedly stepped down. It’s like musical chairs over there – except instead of music playing while people circle around chairs, it’s the sound of layoffs being handed out left and right.
Long-time fans have expressed their disappointment in recent years as they feel like their beloved games have fallen off in quality and innovation due to relentless profit-chasing. These layoffs are surely going to help turn things around…right? Right?!
So buckle up folks because it looks like we’re about to witness some major changes within these gaming companies now that they’ve been swallowed up by Microsoft’s corporate culture.
Let us know what you think about all these shenanigans over at The Verge (if you dare).
In conclusion: Good luck out there gamers – both employed and unemployed alike!
By Lucas Nolan
Game Over: Microsoft Lays Off 1,900 from Xbox and Recently Acquired Gaming Giant Activision Blizzard