This story has been around for a few days and I have seen it on business shows and read it multiple places. This is the first I heard they are laying people off in the gaming sector. Anyone have any sources or is it just a guess/tweet?
So just a guess/tweet then. I guess we'll find out over the next several months.Jason schreier wouldn't report it if it wouldn't be true.
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.This story has been around for a few days and I have seen it on business shows and read it multiple places. This is the first I heard they are laying people off in the gaming sector. Anyone have any sources or is it just a guess/tweet?
Isn’t employee layoffs what always happen with acquisitions though?They cant be serious to lay off 10.000 people while attempting buying a company for 68b. Unbelievable.
Irrelevant to the point being made.Nearly done...on a Bethesda game...cute. Their games required patching over patching even before it was this plaguious as it is now...
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.It is, though?
Deal not finalised. Money not spent. False equivalency much.Not a good look when you just spent 69B on an acquisition.
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.
Oh, that's why we've seen all those cool gameplay videos.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.
Isn’t employee layoffs what always happen with acquisitions though?
So just a guess/tweet then. I guess we'll find out over the next several months.
I prefer to stick to official release schedules instead of speculation based on marketing campaigns of other, unrelated titles.Oh, that's why we've seen all those cool gameplay videos.
They're working on their OS to eventually be cloud-based. Bet.
I think recession is starting to be a real threat
Get ready to witness 2008 again
Very large number of layoffs. For some reason I thought Microsoft would be bigger worldwide. The NHS has 1.3 million employees for example, I thought a tech giant worldwide with such huge profits would be larger.
It's already there. They increased dramatically the software assurance prices to push their windows subcription called ME3 (windows + office as a service)Sickening. This should be criminal. The government lets them buy companies then they shudder them. Won't be long before Microsoft requires a monthly fee/subscription to use Windows.
I mean if those are some marketing people and managers, etc. Why not. If devs, tho...Wait what? Why Bethesda too?
What does this story have to do with Game pass?Impossible, I was told Gamepass was profitable and sustainable.
Your first time witnessing the market in an economic downturn?I don't think you both understand how big this is, 10K is a lot of people to lay off at one time this isn't normal at all.
No way all those positions were redundant
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.What’s happening? Some recent US economy figures coming out?
Well duh. But I honestly thought they’d be much larger.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.
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.Seems pretty shitty when you're trying to acquire almost exactly that many in a purchase.
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.
Sony sacked 90 Playstation marketing people last year citing global turmoil.Welcome to Sony and Nintendo, guys!
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.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"
Did 343 completely get the ax?
Is it whole 343, though? that's the question
Armchair Executives on the internet are always the worst!
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.
Would anyone please think of poor little MS!!!! Thank you for standing up for the downtrodden, solider.Now let’s pretend that this is not common in big tech (and not only), and pretend that after acquisition there are positions that overlap and people are being let go. Let’s just shit on MS. /s