Microsoft cuts 10,000 jobs, Xbox and Bethesda affected
Major layoffs are going on at Microsoft, where around 10,000 people have lost their jobs. This comprises a little less than 5% of the company's total workforce, with layoffs affecting multiple Xbox studios and Bethesda. While the specifics of which divisions suffered the most aren't confirmed, according to a report from Bloomberg, Halo developer 343 Industries was "hit hard". Currently, 343 has been working on content updates for Halo Infinite, and insider reports are claiming that going forward, they won't be in charge of the Halo franchise anymore, while another affected studio, The Coalition, had unannounced projects in the works. Severance packages will be offered to the outgoing employees, which will cost Microsoft about $1.2 billion. Microsoft CEO Satya Nadella claims that this decision was "difficult, but necessary", and that right now is "showtime" for Microsoft, and that the company and brand need to raise the bar in order to outdo the competition.
Source
