Microsoft to lay off 650 support employees in Xbox Games unit

Microsoft Corp. is laying off 650 employees in its Xbox unit, reported the news agency Bloomberg on Thursday, September 12. This is the company’s third such job cut this year as Microsoft is trying to control its costs and integrate its $69 billion acquisition of Activision Blizzard Inc., said the report.

“We have made the decision to eliminate approximately 650 roles across Microsoft Gaming—mostly corporate and supporting functions—to organize our business for long-term success,” said Xbox chief executive officer, Phil Spencer, in a memo sent to staff on Thursday, as per the agency report.