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After completing the acquisition of Activision Blizzard by Microsoft, the acquired company began to be integrated into the structure of the gaming division at Microsoft, as is usual with these acquisitions, and Microsoft began making a number of management changes, including the layoffs that we heard about last week.
US Senator Elizabeth Warren called on the Federal Trade Agency (FTC) to cancel this acquisition, stressing that the layoffs prove her previous objection to the deal that it would harm workers, and she encourages the FTC to continue its attempt to nullify the deal.
Microsoft’s layoffs are not surprising given the reports we heard about the current state of the industry. As is known, the large annual inflation rate witnessed by various economic systems has a significant impact on layoffs. If we look at the broader picture, reports since the end of the year 2022 have indicated that the economic conditions will lead to a loss of A large number of employees in various sectors for their jobs, especially the technical sector.