Microsoft has shared its Q2 2024 financial results, reporting significant revenue gains across its gaming division - in…
    • ampersandrew@kbin.social
      13·
      10 months ago

      They said their profits (not just revenue) were up by more than the cost of those 1900 employees they just laid off.

      • Carighan Maconar@lemmy.world
        35·
        10 months ago

        I mean at least they’re also removing managers at Blizzard and Activision with the layoffs. That it hits workers, too - sadly utterly expected 😑 - but at least MS isn’t above letting useless and redundant managers go.

        (edit) Ugh, sorry. I should have added an explicit /s, it’s not as obvious as I thought it’d be. 😔

    • loobkoob@kbin.social
      36·
      10 months ago

      I’m not cheering for the layoffs, of course, nor am I necessarily in favour of monopolies and the consolidation of the gaming industry (although, in this instance, I think it’s probably a positive thing for fans of Blizzard IPs). But layoffs during this kind of merger/buyout are expected. Microsoft has its own legal departments, payroll departments, marketing departments, etc, and while they might need expanding slightly as the company grows/absorbs new companies, they don’t need an entire second company’s worth of those departments.

      These layoffs were about cutting redundancy rather than just chasing short-term profits. It sucks for the people who were laid off either way, but I think it’s good to be realistic about why they happened.

      • Gamoc@lemmy.world
        12·
        10 months ago

        So you’re saying that if Microsoft hadn’t hoovered up another company due to being creatively bankrupt, almost two thousand people would still have a job?

      • Big PEnglish
        4·
        10 months ago

        They also laid off part of Microsoft though

      • lorty@lemmy.ml
        1·
        10 months ago

        What you say is true but if you followed the reports you’ll know they fired the whole of the blizzard survival team, a good chunk of the Overwatch team and writers/story people from WoW. Very much not only the redundancies.

  • Carighan Maconar@lemmy.world
    17·
    10 months ago

    That’s news? If I spend that many billions of more people to fire, I damn well expect that my monthly revenue goes up. They’ve got to have some dedicated whales paying for lootboxes, after all.

  • ulkesh@beehaw.orgEnglish
    7·
    10 months ago

    An increase of only 49%. Time to fire a couple thousand more people.