Microsoft is letting go of 1,900 employees at Activision Blizzard and Xbox this week, news website The Verge reported on Thursday, as last year's widespread tech layoffs spill into 2024.
The cuts represent around 8 per cent of the overall Microsoft Gaming division and will mostly happen at Activision Blizzard, the report said, citing an internal memo from the head of the company's gaming division, Phil Spencer.
Microsoft did not immediately respond to a Reuters request for comment.
Blizzard President Mike Ybarra and Chief Design Officer Allen Adham are also leaving the company, while a previously announced survival game by Blizzard has been canceled, the report said.
It comes as Microsoft's stock market value crossed the $3 trillion (€2.77 trillion) milestone for the first time on Wednesday, retaining its place as the world's second most valuable company, just behind iPhone maker Apple.
