Microsoft to lay off 1900 people across Xbox and Activision Blizzard
Microsoft to lay off 1900 people across Xbox and Activision Blizzard
Microsoft is laying off 1,900 of its staff across the video game teams, including Activision Blizzard, ZeniMax and Xbox…
Don’t worry, by buying so many studios they will invest more into gaming, and we’ll get better games than ever!
Monopolies are never good, kids. Attempted monopolies are just about as bad.
I’m also real tired of the copro euphemisms going around trying to hide that they’re firing people.
29copro euphemisms going around trying to hide that they’re firing people.
Like Return to Office? Never has the corporate C-Suite ever had an easier excuse to shitcan people for no good fucking reason.
5The easiest layoff method there is.
Still, the most putrid word for me is "right-sizing"
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I'm not sure if "copro" was meant to be "corpo", but either way works. xD
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You know, these companies share mountains of data with each other before mergers or buyouts.
The idea that they don't know these "areas of overlap" as they call them before the deal is done is a joke.
20This always happens with mergers, and it's disgusting that our government knows this and allows it to happen without a plan.
T-Mobile buying sprint did the same thing. "Oh, we'll need everyone on deck!" Really? You'll need 2 teams rolling out the same phone? You'll need twice as many people managing the same amount of plans? That's just not how it works.
Surprisingly, as soon as the heat was off of them after the merger they laid off entire departments that were "redundant". Never trust a corpo kids.
15It's also not necessarily easier, but more understandable, for roles such as HR, marketing, etc...yes, it's still someone's job but one company probably doesn't need two HR teams worth of people and cuts accordingly.
Message being that everyone should have their head on a swivel during a merger and that goes double for those jobs that provide day-to-day business support to keep things running.
4Even without any cynicism, I think the government was more interested in there being tighter competition among cell carriers than they were with the people who will lose their jobs in a merger. With all due respect to those who fall on tough times as a result of that kind of merger, it's a more short term and small scale problem than there being fewer viable competitors in an important sector of the market.
3the govmt is in on it, thats why they know & still let this happen
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Of course they know them. That's how Microsoft buys a multi-billion dollar company and expects to turn a profit - not by continuing to run the company the way it was, but by trimming staff from one or both companies.
Every time there is a massive capital investment, whether by a hedge fund or a bigger company, there is an unstated "and profit by making it worse" in the headline. Sometimes, a poorly managed company can yield profits just through better management, but most of the time it hurts workers which in turn hurts customers, but there is massive profit to be made while the coasting on the inertia of the former quality.
I can say from experience, if your company gets bought out your job is about to get worse if it even still exists.
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I hope everyone who plays Call of Duty next year on Game Pass takes a moment of silence for the ~2000 people that had to lose their jobs to make it possible.
11Name a single merger in any industry that didn't result in layoffs of at least 8% of the workforce.
7It's literally the point, merging companies are a left join, not a full outer join. The entire point is to save money by removing overlap - anyone who doesn't expect that has no idea how businesses operate.
7Yep, the moment this acquisition was in talks, you could see this coming from a mile away.
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these functions will now be fulfilled by the MCP
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