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Reading: Fresh from a layoff bloodbath that cost over 2,500 jobs, Microsoft is already thinking about dropping the big bucks on more acquisitions

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Epic Game Journey > Industry > Fresh from a layoff bloodbath that cost over 2,500 jobs, Microsoft is already thinking about dropping the big bucks on more acquisitions
Industry

Fresh from a layoff bloodbath that cost over 2,500 jobs, Microsoft is already thinking about dropping the big bucks on more acquisitions

November 14, 2024 4 Min Read
4 Min Read
LOS ANGELES, CA - JUNE 10: Phil Spencer, vice president of Microsoft Game Studios at Microsoft Corp. speaks during Microsoft Xbox news conference at the Electronic Entertainment Expo at the Galen Center on June 10, 2013 in Los Angeles, California. Thousands are expected to attend the annual three-day convention to see the latest games and announcements from the gaming industry. (Photo by Kevork Djansezian/Getty Images)

For those who had been a world megacorp that had simply emerged into the sunshine, dripping from head to toe in gore after a wave of layoffs that noticed over 2,500 folks lose their livelihoods following a $69 billion acquisition, what would your first transfer be?

For those who answered ‘begin eyeing up extra acquisitions,’ then congratulations, you have received the makings of a CEO in you. In a current chat with Bloomberg, Microsoft Gaming boss Phil Spencer received bullish about Xbox’s well being, declaring that “The Xbox enterprise has by no means been extra wholesome,” even because it transitions from a plain-Jane console maker to a multiplatform dev large. “The enterprise is performing proper now, and I feel which means a extra wholesome future for {hardware} and the video games we construct,” mentioned Spencer. {Hardware} like a gaming handheld, maybe?

However outdated Phil is after “geographic range” in Microsoft’s gaming strikes. Meaning he is received his eyes open for extra potential acquisitions whilst Microsoft continues to be digesting the completely monumental chunk that was its buy of Activision Blizzard final 12 months.

Specifically, Microsoft is after any huge buys that may let it compete higher within the battlefields of cell and handheld: “We undoubtedly wish to be out there,” he mentioned, and if Microsoft can nab folks, tech, and firms “that add to what we’re attempting to do in gaming at Microsoft, completely we are going to hold our heads up.” He stresses there’s nothing “imminent,” although. Please chorus from dropping your life financial savings into cell recreation shares.

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Which is, in fact, precisely the form of factor that big firms do and say on a regular basis. It is how they keep alive. However I can not assist however really feel prefer it positive would stick in my craw a bit to see Microsoft execs speaking up how extremely wonderful the corp is doing and all the large, costly strikes it is set to make if I had been one of many actually 1000’s of people that had misplaced my job on the firm.

Maybe that is why I am not an government. Both method, it nonetheless seems like Spencer has huge concepts about what he desires Xbox to be even after a tumultuous couple of years. Meaning increasing into cell video games, cloud gaming, and placing extra once-upon-a-time exclusives on PlayStation—”I don’t see form of purple strains in our portfolio that say ‘thou should not [put more games on PlayStation].'”

So Spencer has a spring in his step and stars in his eyes, and it is anyone’s guess simply how Microsoft’s huge strikes in branching out between the identical outdated humdrum console recreation will play out. “I really feel fairly good about the place this business goes,” he instructed Bloomberg. I ponder if these 2,500+ ex-employees really feel the identical.

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Reading: Fresh from a layoff bloodbath that cost over 2,500 jobs, Microsoft is already thinking about dropping the big bucks on more acquisitions
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