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Started By
Message
Phil Spencer just sent 1,900 employees (out of 22,000) to the unemployment line...
Posted on 1/25/24 at 1:58 pm
Posted on 1/25/24 at 1:58 pm
7
Posted on 1/25/24 at 2:34 pm to finchmeister08
the lay offs keep on coming.
we are probably gonna see a lot of developer and studio closures this year.
we are probably gonna see a lot of developer and studio closures this year.
Posted on 1/25/24 at 3:04 pm to finchmeister08
Dude probably saw the current state of Warzone
Posted on 1/25/24 at 3:06 pm to JetsetNuggs
Hopefully they get rid of all the different studios for CoD and just merge them all so it can be cohesive.
Posted on 1/25/24 at 3:23 pm to finchmeister08
Biden’s America
Posted on 1/25/24 at 4:14 pm to hawgfaninc
Or all of these tech companies ever hired during the pandemic and uptick in that business didn't last.
Posted on 1/25/24 at 4:23 pm to finchmeister08
Damn.
Posted on 1/25/24 at 6:06 pm to finchmeister08
I'm sure all their acquisitions created a lot of redundant staff.
Posted on 1/25/24 at 6:14 pm to finchmeister08
It's almost like consolidation is bad for the industry or something.
At least I'll be able to play CoD on gamepass eventually right?
At least I'll be able to play CoD on gamepass eventually right?
Posted on 1/25/24 at 6:46 pm to BulldogXero
Posted on 1/25/24 at 8:42 pm to BulldogXero
quote:Yeah, the second part is all I really care about
It's almost like consolidation is bad for the industry or something. At least I'll be able to play CoD on gamepass eventually right?
Posted on 1/26/24 at 6:41 am to finchmeister08
I'm surprised it wasn't more with such a large acquisition. I'd think ABK and MS would have a lot more redundant positions than that.
This post was edited on 1/26/24 at 6:59 am
Posted on 1/26/24 at 10:09 am to sicboy
quote:
Or all of these tech companies ever hired during the pandemic and uptick in that business didn't last.
i think that's partially true. from a few sources it seems that a lot of these companies projected a 5% increase throughout the years. a somewhat aggressive but not ridiculous projection. it sounds like those are hitting in general, but the projections were based of covid pandemic population numbers were we all know are not truly representative. Tie that in with it had been stupid cheap to borrow money and now its not, its a pretty big mismanagement of funds with way less actual growth.
be nice of some of these arse hat ceo's and boards took pay cuts and not get golden parachutes instead of firing hard working men and women, but hey, thats america now. no accountability at the top, shite on those who got you there.
Posted on 1/26/24 at 12:26 pm to caro81
quote:
be nice of some of these arse hat ceo's and boards took pay cuts and not get golden parachutes instead of firing hard working men and women, but hey, thats america now. no accountability at the top, shite on those who got you there.
Bobby Kotick retired after helping navigate the sell to MS, and Mike Ybarra at Blizzard resigned alongside these employee layoffs.
ABK went from 9,800 full time employees to 13,000 full-time employees form 12/31/2021 to 12/31/2022. I think they were going to have to layoff people regardless, and I'm thinking the only reason ABK hadn't done so already is the optics of laying people off while the MS/ABK deal was under international scrutiny. I'm not sure why they did so much hiring in 2022. It's honestly surprising to me that MS didn't have to layoff more than they did.
This post was edited on 1/26/24 at 12:32 pm
Posted on 1/26/24 at 2:06 pm to imjustafatkid
quote:
Bobby Kotick retired
retired with a golden parachute. he was given 15 million on his departure. he was also insanely compensated as part of the acquisition this year. should of gotten a boot to the arse and a middle finger. Those monies should go to pay increase severances to those losing jobs.
i willing to bet Mike also got a nice chunk of change while others go the shaft.
Posted on 1/26/24 at 2:36 pm to caro81
quote:
Those monies should go to pay increase severances to those losing jobs.
Nah, they shouldn't.
quote:
i willing to bet Mike also got a nice chunk of change while others go the shaft.
And that's ok.
Posted on 1/26/24 at 3:04 pm to imjustafatkid
you understand trickle down doesn't actually work, right?
Posted on 1/26/24 at 3:19 pm to sicboy
quote:
you understand trickle down doesn't actually work, right?
Nothing else actually exists. Money either flows from those who have it, or it doesn't flow at all.
This post was edited on 1/26/24 at 3:20 pm
Posted on 1/26/24 at 3:34 pm to imjustafatkid
quote:
doesn't flow at all
Posted on 1/26/24 at 6:40 pm to sicboy
Well that's clearly false. If it didn't flow at all, none of us would have jobs.
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