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"Microsoft is laying off 10,000 people today, including in its gaming divisions such as Xbox and Bethesda."
- Thread starter The Cockatrice
- Start date
Fabieter
Member
Jason schreier wouldn't report it if it wouldn't be true.
Havoc2049
Member
So just a guess/tweet then. I guess we'll find out over the next several months.
Kacho
Member
I don't doubt that the gaming sectors took a hit, especially Bethesda, but yeah, there's no real details out there that I've seen. Pretty sure Jason is using the headline as an opportunity to get easy engagement on Twitter. People see "10k employees laid off" and "gaming division" and run with it, as we're seeing in this thread. No actual data or critical thinking required.
hemo memo
Gold Member
Isn’t employee layoffs what always happen with acquisitions though?
Rykan
Member
Irrelevant to the point being made.
It is. The game is planned for a release within 6 months. That means that a lot of aspects of game development (Art, music, possible marketing planning etc) have been wrapped up. These might have been wrapped up for longer if the initial delay was purely technical/QA related.
freefornow
Gold Member
Deal not finalised. Money not spent. False equivalency much.
Hope those impacted find other opportunities soon.
LordOfChaos
Member
Aren’t Microsoft absolutely creaming it in the post pandemic world? Even more so than usual. Those 10k salaries are not even a tiny brown speck of shit in egg’s bloomers.
Just googling ‘microsoft profit’ gave me this as the top result;
- Microsoft gross profit for the quarter ending September 30, 2022 was $34.670B, a 9.47% increase year-over-year.
- Microsoft gross profit for the twelve months ending September 30, 2022 was $138.619B, a 14.21% increase year-over-year.
They're looking forward and not backward to weakening demand, and the pathology of wallstreet is ever increasing profits
OuterLimits
Member
Part of the blame is simply macroeconomics. A bunch of companies will likely be doing this in the not too distant future.
Fuz
Banned
Oh, that's why we've seen all those cool gameplay videos.
.Pennywise
Banned
Hey Instagram/TikTok! Come with me to show you a day working at Twitter/Microsoft/Facebook/Google offices!
*Proceeds to show her taking breakfast at the offices, going to the building's playroom, using the gym, taking lunch, going for a walk to clear her mind, do some work, take some snacks, leave*
Yeah seems like this kind stuff and moving the mouse to not appear away while "working" from home isn't cutting it anymore.
Now let's see all the experts internet Company Chief Officers telling Microsoft how they should handle their stuff and how they shouldn't be laying off people.
*Proceeds to show her taking breakfast at the offices, going to the building's playroom, using the gym, taking lunch, going for a walk to clear her mind, do some work, take some snacks, leave*
Yeah seems like this kind stuff and moving the mouse to not appear away while "working" from home isn't cutting it anymore.
Now let's see all the experts internet Company Chief Officers telling Microsoft how they should handle their stuff and how they shouldn't be laying off people.
Fabieter
Member
Yea but spencer said that won't be the case with Bethesda.
Yeah an actual journalist will report guesswork sure.
StreetsofBeige
Gold Member
When companies fire people it’s rarely a total net loss. They will often hire back replacing them with cheaper or better people. It’s just a matter of how many.
When my current or old company weeded out the 25 year club of employees, they all got replaced by younger cheaper people.
Companies firing people gets headlines. But rarely will an article say “Hey, Google has been hiring 1000s of people every year for 15 years”. But if Google announced they cut 10,000 people itd be a big issue.
If people only went by job loss articles saying 1000 here or 10000 there got cut virtually every company would be down to zero employees by now.
When my current or old company weeded out the 25 year club of employees, they all got replaced by younger cheaper people.
Companies firing people gets headlines. But rarely will an article say “Hey, Google has been hiring 1000s of people every year for 15 years”. But if Google announced they cut 10,000 people itd be a big issue.
If people only went by job loss articles saying 1000 here or 10000 there got cut virtually every company would be down to zero employees by now.
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thicc_girls_are_teh_best
Gold Member
That's probably what the integrated ads in W11 were about, adding features dependent on the cloud (via Azure). I doubt the entire OS goes that way but they will look for other ways to integrate cloud services in OS features that won't get as much blowback.
Real talk, I need some cheap valuable gold to buy from some unsuspecting hoarder.
Or some crypto that's actually worth buying into.
Completely different industries and types of products, services etc. They aren't comparable.
Rick Dangerous
Member
It's already there. They increased dramatically the software assurance prices to push their windows subcription called ME3 (windows + office as a service)
Microsoft is a nightmare, the epitome of a world monopoly. They should be disbanded. Do not support this company.
M1chl
Currently Gif and Meme Champion
I mean if those are some marketing people and managers, etc. Why not. If devs, tho...
DarkMage619
$MSFT
What does this story have to do with Game pass?
Crispy Gamer
Member
I'm seeing Coalition was affected as well hopefully that's not true I'm gonna be pissed that studio needs more support.
Salty Popsicle
Banned
Your first time witnessing the market in an economic downturn?
Twitter layed off over 3,000 in November and more coming in 2023
Amazon laying off over 18,000 in the coming weeks
Tech Companies have layed off over 60,000 in the past year
Layoffs are a VERY norming thing, especially in this industry.
Dick Jones
Gold Member
With the overhiring during the pandemic it's not surprising, sadly. Only shock was Bethesda with two games out in the next 5 months. I thought that would be later
Salty Popsicle
Banned
Most major banks are forecasting a minor/moderate recession within the next 12 months so large corporations are preparing for a downturn in revenue and profits. This is exacerbated by the fact that many of these same corporations increased their hiring during COVID years because online sales/services industry skyrocketed.
Hero of Spielberg
Member
Tough time in tech at the moment. Hope they can find more work again soon.
Justin9mm
Member
Sometimes companies re-structure to trim the fat so to speak. Large companies do this all the time, during the pandemic when looking at costs, my company I work for did this to remove all the dead weight employees who either weren't contributing or the sales guys not making any profit. This is how large businesses work. To say it's unacceptable because of the size of MS or the fact they spent huge amounts on Bethesda deal so they can afford it etc. Is kind of ridiculous.
anthony2690
Banned
I know people will go crazy with wild theories, but they employed an insane amount of people over the last 4 years during the pandemic etc.
& Obviously this will impact all divisions and not just Xbox related ones.
"2019: ~144,000 Microsoft employees
2020: ~163,000 Microsoft employees
2021: ~181,000 Microsoft employees
2022: ~221,000 Microsoft employees"
& Obviously this will impact all divisions and not just Xbox related ones.
"2019: ~144,000 Microsoft employees
2020: ~163,000 Microsoft employees
2021: ~181,000 Microsoft employees
2022: ~221,000 Microsoft employees"
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ByWatterson
Member
Seems pretty shitty when you're trying to acquire almost exactly that many in a purchase.
I'm sorry for those affected, big tech companies are facing the consequences of the post covid recession. In these circumstances it's no surprise they use the axe with teams that have not delivered or where there are many redundancies that cost a lot but are not useful, that is the downside of buying monolithic publishers.
StealthGoblin
Banned
Well duh. But I honestly thought they’d be much larger.
Hero of Spielberg
Member
It’s never nice to have people let go, but companies are constantly making redundancies whilst taking in people in other areas. Acquiring ActiBliz is part of their growth strategy and the people they bring on as part of it aren’t necessarily ’like for like’ with those they’re letting go.
ByWatterson
Member
For sure. I get it. I just wish they had done more sustainable, organic growth. These kinds of layoffs (unlike Sony's recent ones totaling 90 employees in the diminished physical publishing space) are a meat cleaver designed to cut bloat they could have avoided.
I fear Activision Blizzard will be more of the same bloat.
Halo is Back
Member
Welp, any last hope I had for Halo is gone now
In Cold Blood
Banned
Sony sacked 90 Playstation marketing people last year citing global turmoil.
I can almost guarantee MS Isn't sacking coders, or devs from Bethesda. It would be some people in middle management, PR, marketing and the like.
Having worked for a massive US multinational company they will just make a edict that they need to reduce their workforce by 10% worldwide and every division has to work out what employees they identify as their 10%.
Our team was smashing budgets. My country was one of the only ones who were making more profit than budgeted for, we were understaffed and prior to this were looking to add employees, however we had to "share the pain" and they picked the oldest person to sack, who was our biggest salesman that year.
We were coming back from lunch and we saw him walking down the stairs with a box containing all his personal effects and sticking out the top was the photos he had on his desk of his wife and dog.
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SlimySnake
Flashless at the Golden Globes
Their profits have gone up too. This is just a classic case of corporate greed. They make tens billions in profits EVERY quarter. They made $72 billion in profits last year alone which should pay off the Activision purchase by itself.
But hey lets layoff tens of thousands of people anyway.
IFireflyl
Gold Member
twilo99
Member
Its just an opinion on the matter, isn't what this place is for?
twilo99
Member
Yes, well I was wondering what would happen to them after the Bethesda deal... 343 becomes more or less redundant.
anthony2690
Banned
Oh wow, what has led to the insane growth from 2019-2022? That's quite the profits jump each year.Their profits have gone up too. This is just a classic case of corporate greed. They make tens billions in profits EVERY quarter. They made $72 billion in profits last year alone which should pay off the Activision purchase by itself.
But hey lets layoff tens of thousands of people anyway.
twilo99
Member
Their true form of what corporations have done since the beginning of their existence? Those things mainly exist to make money, and provide good and services that might, or might not be beneficial to society. If you think corps are out there looking out for your best interest, you will be very disappointed.
Spitfire098
Member
Would anyone please think of poor little MS!!!! Thank you for standing up for the downtrodden, solider.
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