Microsoft will fire 8% employees from gaming division

Microsoft announced laying off nearly 1900 employees across its gaming division and Xbox teams, representing an 8% staff reduction mostly impacting Activision Blizzard. This late 2022 $69 billion acquisition saw expansive job cuts amid tech's broader downsizing wave. While 2023 witnessed over 160,000 tech job losses, analysts expect lower cuts in 2024 as AI investments accelerate.