Microsoft cutting more jobs from its gaming unit

They need to release a new system without a disk drive to grow revenues like their competitor is doing.

They need to release a new system without a disk drive to grow revenues like their competitor is doing.

Breaking news, they did that back in 2019 with the XBox Series S to much fanfare. The video game industry as a whole is hemorrhaging money on out of control development costs. Changing consumer gaming tastes and industry strategies focusing into loosing propositions that consumers aren’t interested in (i.e., investments in metaverse / virtual gaming) don’t help with the overall money losses either (not too many people are going to want to throw down a few grand for a wearable helmet / headset when the gamers and games aren’t there or interesting.

It’s not just Microsoft that’s bleeding some red ink, Sony back in February (that juggernaut you might have heard of) laid off 8% of its gaming workforce, and a former VP though it’d be cool to make jokes their expense (https://fortune.com/2024/09/11/sony-computer-entertainment-chris-deering-blunt-advice-laid-off-workers-go-beach-drive-uber/).