The games industry has been hit by mass layoffs over the past two years following a rush of investments and acquisitions amid record profits and player numbers during the Covid-19 pandemic.
PlayStation maker Sony, League of Legends creator Riot Games and Fortnite owner Epic have been among those to lay off hundreds of workers.
Microsoft received particular criticism over the closures of critically acclaimed studios Arkane Austin and Tango Gameworks earlier this year.
Xbox boss Mr Spencer told gaming website IGN, external he was expected to run a “sustainable” gaming business and show growth during a June interview.
And speaking during an official Xbox stream at Gamescom, external last month, he said the was “a high bar” inside Microsoft for the company’s gaming division.
In its latest finance report, external Microsoft said its gaming revenues had increased, mostly due to its ownership of Activision-Blizzard, which also produces World of Warcraft, Diablo and Overwatch.
Sales of Xbox hardware have fallen since last year though, and the company has been trying to expand its software sales.
Credit: Source link
