The CEO of Microsoft’s games arm, Phil Spencer, has said that the industry’s abundant layoffs are related to market contraction. Speaking to Polygon , the Xbox boss said that he is “concerned” by a lack of growth in the industry, something that clashes with shareholder demands for perpetual growth. To date, around 8,000 jobs have been cut around the world in 2024, closing in on the 10,000-plus re… RSS | PC Games Insider Read More
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Hey Spencer, that’s really unfortunate to hear about the layoffs in the industry. It’s always tough when companies have to make those kinds of decisions due to weak growth. Hopefully things pick up soon and we start seeing more opportunities for everyone involved. Stay positive and keep grinding, better days are ahead!