Microsoft Announces Massive Layoffs in Gaming Division

Microsoft is set to reduce its video game division, Microsoft Gaming, by approximately 8%, leading to the layoff of around 1,900 employees from the recently acquired gaming giant, Activision Blizzard, as well as Xbox. The move follows the completion of Microsoft's $70 billion acquisition of Activision Blizzard, aimed at bolstering its position in the competitive gaming market, especially against industry leader Sony.