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The announcement got here a day after hosting a Sting live performance for 50 folks, including Microsoft executives, in Davos, Switzerland. In January 2023, CEO Satya Nadella introduced Microsoft would lay off 10,000 employees. Microsoft additionally named Phil Spencer, head of the Xbox model since 2014, the inaugural CEO of the newly established Microsoft Gaming division, which now houses the Xbox operations staff and the three publishers in the company’s portfolio (Xbox Recreation Studios, ZeniMax Media, Activision Blizzard).

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