, Xbox boss Phil Spencer said it"hurts" when people get laid off, but that in the long run it's the best thing for the company.
"Over the coming weeks we will have many opportunities to connect and answer your questions, including the Monthly Gaming Update next week for teams who attend that meeting, and I am in close contact with teams at ZeniMax to provide support. The GLT and I are committed to being as transparent as we can. Moving forward with ambiguity is challenging, but I am confident that together, we will get through this difficult moment in time.
The elimination of 10,000 people obviously can't be ascribed directly to bad calls by 343 management, but Wren's comments were at the very least heartfelt and sincere. Spencer's statement, by comparison, feels very specifically crafted to be superficially soothing without saying anything.
Source: Gaming Daily Report (gamingdailyreport.net)
But our owners realized they want to retain more zeros on their checks we give them years after year.
Painful, but the microsoft ceo gets to get 59 million in revenue
Maybe instead of laying off thousands of people, stop spending 70billion dollars for failing studios.
Now tell me what they're profits were for this quarter?
Let me guess. Some overpaid executive was damn close to having to take a pay cut.
People really need to learn there's no such thing as a good company, there's simply companies that's' prime goal is to make money, and pay out to share holders, it's the sole reason they exist.
Must've not been too painful since it was 10,000 layoffs.
Every day, this man gets more and more hate. But well earned because people now can see thru his lies
Looks like Phil’s villain arc has begun. 🤣 He been getting cooked.
The long term success of your shareholder earnings. Thanks for showing your true colours.
Sure
I think we're nearing a 2nd video game industry crash. Hopefully it comes back stronger and better like it did last time.
Challenging?... HOW? Video games had never sold as well in history before aside from 2020-2021, sure it had a bit lower year in 2022 but still massive compare to 2020. Stop throwing money at shareholders as soon as they're making mega profits...
Spends 69 billion after spending 7 billion on studio acquisitions, but then fires 10,000 people. Good job Microsoft and Xbox, pathetic.
He doesn't have a right to say it was painful. He still have a job, ask those employees who got layoffs what is the true meaning of painful.
Same answer every other company in a recession will give. “Hey sorry guys, we totally messed up and ran the company too hot so now you all have to pay for that mistake. Now if you’ll excuse me, I have a bonus thats 100 times your former annual salary to spend”.
He probably gets an Award for this answer 🙃 God this guy is so fake.
Cuz they only know buying studios to take ips away from other consoles, but not buying studios to let em make their own exclusives.
Xbox releases no games. Xbox tries to buy a publisher. Xbox has a Sting concert before they lay off 10,000 people. Meanwhile, Sony devs reach out to offer jobs to all those laid off people. These companies are not the same. One of them is being seriously mismanaged.
Extremely challenging. Can you imagine how hard it must be for them to only have a $1-2 million dollar party for the execs? They even had to black-out on cheap $100/bottle booze before firing everyone. How are they pay Bobby Kotick 70 billion?
Just wait till they start pruning their new studios of developers people love like Arkane. I wonder how excited for more buyouts people will be then. Seems like most people aren't old enough to remember the last time Microsoft went on a dev buying spree. Most are long gone.
GamingDespair Painful my ass.
Really wish they would have not acquired Bethesda.
boooo
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