Latest Activision Blizzard Inc News

Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector

Feb. 29, 2024 09:17 AM EST

Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years. The video game maker said in a regulatory filing that its board approved a restructuring plan that...

Sony to cut about 900 jobs in its PlayStation unit as layoffs in technology, gaming sector continue

Feb. 27, 2024 10:42 AM EST

Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs. Sony cited changes in the industry as a reason for the restructuring. “The industry...

Microsoft is making 4 exclusive Xbox video games available to rival consoles

Feb. 15, 2024 16:59 PM EST

NEW YORK (AP) — Several exclusive Xbox games will be soon making their way to rival consoles, the video gaming brand and its parent company, Microsoft, announced Thursday. In a special edition of the Official Xbox Podcast, Microsoft Gaming CEO Phil Spencer confirmed that four Xbox...

Microsoft profit soars 33% on AI, cloud-computing investments

Jan. 30, 2024 20:01 PM EST

SAN FRANCISCO (AP) — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. The company said that increase largely reflected growth in its cloud-computing unit, where Microsoft focuses...

Microsoft lays off 1,900 employees in its gaming division following Activision Blizzard buyout

Jan. 25, 2024 15:41 PM EST

NEW YORK (AP) — Microsoft is laying off about 1,900 employees in its gaming division, according to an internal company memo, just over three months since the tech giant completed its $69 billion purchase of video game maker Activision Blizzard. The job cuts represent about an 8%...