The gaming industry is facing severe challenges! Microsoft's Xbox division plans to lay off 650 employees
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Microsoft announced that it will lay off 650 employees in its Xbox division, marking the company's third round of layoffs this year aimed at cost control and integrating the $6.9 billion acquisition of Activision Blizzard. According to a memo from Xbox CEO Phil Spencer, the layoffs mainly involve corporate and support functions, and do not affect game, device, or experience positions. The gaming industry is facing challenges, with many major companies like Sony and EA also undergoing layoffs and project closures
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