Microsoft cuts 1,900 Activision Blizzard, Xbox workers as layoffs hit videogame industry

Microsoft Corp. is cutting 1,900 workers in its gaming business, according to a report, making it the latest tech company to conduct videogame-related layoffs.Microsoft MSFT, +0.81% gaming CEO Phil Spencer told employees that the cuts aim to reduce “areas of overlap” following the tech giant’s acquisition of Activision Blizzard last year, CNBC reported, citing a memo sent Thursday. In the memo, Spencer said that people impacted by the reductions have played “an important part” in the success of the Activisi ...