- Giants like Sony and Microsoft have been laying off employees one after another.
- As per a new report, Microsoft is planning to lay off thousands of employees next month.
- The company is expected to announce this news at the start of July.
Layoffs in the gaming industry have been occurring frequently for a couple of years now, which highlights the industry’s poor condition. Companies like Microsoft and Sony have been at the very middle of this trend, and it isn’t going to die off any time soon.
In 2024, around 25000 employees were laid off. Another report revealed that 1 out of 10 developers were laid off in 2024, and a similar trend may occur this year as well. This is because Microsoft is now planning to lay off thousands of employees next month.
Why it matters: The gaming giant has laid off over 6000 employees this year already, so its planning to lay off even more is extremely concerning.
According to Bloomberg, the company is planning to lay off thousands of employees, following a layoff of 6000 employees just a few weeks ago.
Microsoft Corp. (MSFT) is planning to ax thousands of jobs, particularly in sales, as part of the company’s latest move to trim its workforce amid heavy spending on artificial intelligence.
-Bloomberg
The media outlet also reported that the layoffs are expected to be announced early next month, as this would coincide with the end of Microsoft’s fiscal year. Previously, in May, Microsoft laid off 6k people in the product and engineering market. So, the sales and marketing team was safe then, too.
The company is laying off employees at a massive rate, which is pretty unfortunate. This is because those who were laid off may find it hard to get another job at this level again.
It should also be noted that the company hasn’t confirmed anything yet. Bloomberg is the source of this report, and this media outlet has been largely accurate, so it would be reasonable to consider this news credible.
What do you think about the gaming giant preparing to ax even more jobs? Do you think this is fair? Share your thoughts with us in the comments section below or join the official Tech4Gamers forums for discussion.
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[News Editor]
Obaid is pursuing a Law degree while working as a content writer. He has worked as a gaming writer for over three years because of his passion for the medium and reporting the latest updates in the industry. Having played hundreds of games, Obaid finds himself coming back to Elden Ring, Cyberpunk 2077, and Red Dead Redemption 2, with these games being among his favorites. He has also been mentioned on highly regarded websites, such as Wccftech, Metro UK, PS Lifestyle, GamePressure, VGC, and Gamespot.
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