Company Restructuring
Ongoing coverage on Company Restructuring.
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Microsoft (MSFT) Q1 FY27 earnings results beat revenue and EPS expectations
Microsoft reported its Q1 FY27 earnings, exceeding Wall Street's revenue expectations with $92.3 billion and beating EPS estimates with $4.92 per share. The company's strong performance was noted despite ongoing restructuring efforts, including voluntary buyouts for employees. Microsoft's continued investment in AI, particularly with products like Copilot, was highlighted as a key growth area.
Boltgun 2 and Warhammer Survivors devs Auroch Digital say they're laying of 25% of their staff in now-deleted posts
Auroch Digital, developers of Warhammer 40,000: Boltgun and Warhammer Survivors, have confirmed they are laying off 25% of their staff due to market conditions. The studio's public statements regarding the layoffs were deleted shortly after being posted, a unique occurrence amidst a wave of industry job cuts. Post-launch development for both games will continue.
Microsoft is Providing a “Voluntary Exit Offer” to Around 60,000 Employees
Microsoft is implementing company-wide cost-cutting measures by offering a "Voluntary Exit Offer" to approximately 60,000 employees across various regions, including those within Xbox. This initiative is part of a broader strategy to increase flexibility and support employees considering career changes. The company has also recently undergone significant layoffs, impacting around 1,600 roles at Xbox, and is divesting four studios while Arkane Lyon faces potential closure.
Microsoft restructuring continues with 60,000 employees given buyout offer to leave now, or probably get laid off later anyway
Microsoft is continuing its restructuring efforts by offering buyouts to approximately 60,000 employees. This move suggests potential future layoffs, as employees are presented with the option to leave now or face probable termination later.
Xbox Chief Operating Officer Departs After 3 Months
Helen Chiang has departed from her role as Xbox chief operating officer after only three months. Her departure follows a 21-year tenure at Microsoft, during which she was involved with titles like Minecraft and led Mojang. This exit is part of a broader trend of leadership changes and layoffs within Xbox.
Xbox's first chief operating officer Helen Chiang leaves Microsoft just three months into the job
Helen Chiang, Xbox's first chief operating officer, has departed Microsoft just three months after assuming the role. Xbox CEO Asha Sharma confirmed the news in an internal memo, citing Chiang's 21 years of service but offering no specific reason for her departure. This move comes amidst a significant restructuring within Xbox that included layoffs and studios becoming independent.
Dishonored and Deathloop studio has 22 days to save itself from corporate extinction
Arkane Studios, the developer behind Dishonored and Deathloop, is facing a critical 22-day period that could determine its survival amidst corporate restructuring. The article questions whether the studio can be saved from potential closure.
Xbox negotiations with Marvel's Blade developer Arkane reportedly aren't going well, and that could mean the Dishonored studio shutting down next month
Negotiations between Arkane Studios and Xbox regarding the future of the Dishonored developer are reportedly not progressing well, with a November 13 deadline looming for a decision. Reports suggest Microsoft is looking to sell the studio, and while buyers are being sought, a shutdown is also a possibility, impacting 217 jobs and the near-completion of Marvel's Blade.
Dune: Awakening studio faces layoffs as it restructures following console release
Norwegian developer Funcom is undergoing layoffs and restructuring following the console release of Dune: Awakening. Long-time CEO Rui Casais is stepping down, replaced by Scott Junior, as the company shifts from peak development to live service operations. This transition necessitates a reduction in the development team size, impacting employees who worked on Dune: Awakening.
Funcom is laying off yet more developers as it pivots to supporting Dune: Awakening and Conan Exiles
Funcom is undergoing a restructuring that will lead to layoffs as the company pivots to focus solely on supporting its existing live service games, Dune: Awakening and Conan Exiles. CEO Rui Casais will depart after the reorganization, with Scott Junior set to take over. This shift follows Dune: Awakening's move away from MMO elements and the addition of solo and PvE modes.
Fishlabs announces layoffs due to "changing project requirements," development and support teams affected
German developer Fishlabs has announced workforce reductions affecting its development and support teams due to changing project requirements. This follows a similar downsizing in 2023 as part of Embracer Group's restructuring. The studio expressed gratitude to affected employees and commitment to supporting them.
Ubisoft to reduce workforce across Düsseldorf, Berlin, and Mainz as part of "proposed voluntary departure plan"
Ubisoft is implementing a voluntary departure plan to reduce its German workforce by approximately 100 employees across its Düsseldorf, Berlin, and Mainz studios. This move is part of a broader cost-reduction initiative and restructuring effort by the company, which has previously led to job cuts and studio closures.
Ubisoft to close Trials studio RedLynx, downsize Ubisoft Singapore
Ubisoft is closing its Finnish developer RedLynx and reducing staff at Ubisoft Singapore, impacting over 100 jobs as part of a company-wide restructuring. RedLynx, known for the Trials series, will cease operations, while Ubisoft Singapore, responsible for Skull and Bones, will shift focus to supporting other teams. These changes are part of Ubisoft's broader effort to become a more agile and disciplined organization.
Funcom confirms new layoffs and the stepping down of its CEO as it focuses on Conan Exiles and Dune Awakening
Funcom is undergoing a significant restructuring, which includes an unspecified number of layoffs and the stepping down of CEO Rui Casais by year-end. The company will focus its efforts on the survival sandbox games Conan Exiles and Dune: Awakening. Scott Junior will replace Casais as CEO.
Ubisoft’s Latest Restructuring Plan Puts Trials Developer RedLynx On The Chopping Block
Ubisoft is undergoing significant restructuring, which includes a proposal to shut down Trials developer RedLynx and lay off 72 employees at its Ubisoft Singapore studio. The closure of RedLynx, which is currently not working on a new project, is a proposed economic measure affecting its 52 employees. Ubisoft Singapore, the lead developer for Skull and Bones, is also impacted by workforce reductions.
Trials Studio Facing Closure, Ubisoft Singapore to Get Hit by Layoffs Impacting 70 Employees – Rumor
Ubisoft is reportedly planning to close its Finland-based studio RedLynx, known for the Trials franchise, resulting in 52 job cuts. Additionally, Ubisoft Singapore will undergo layoffs impacting 70 employees as part of a larger restructuring effort. These decisions come as Ubisoft aims to streamline operations and manage its workforce effectively.
Undead Labs boss "reluctant to share" number affected by layoffs: "I would hate to reduce the impact to those individuals to a number or statistic"
Undead Labs studio head Philip Holt expressed reluctance to share the exact number of employees affected by recent layoffs, emphasizing the human impact over statistics. The developer transitioned to an employee-owned studio following restructuring at Xbox, with Holt aiming for transparency during the difficult process. This move was part of broader Xbox layoffs impacting multiple studios.
"After an all-time low, we've started to return to growth" - Asha Sharma touts Xbox turnaround after drastic restructuring and many hundreds of layoffs
Xbox CEO Asha Sharma announced that the company is experiencing a return to growth after significant restructuring and over 1,800 layoffs. Recent game releases like Gears of War: E-Day and Minecraft Dungeons 2 have performed strongly, contributing to this turnaround. Sharma also discussed plans for next-generation consoles and a continued focus on handheld gaming.
State of Decay 3 Studio Head Says He Was “Irresponsibly Transparent” With Team During Xbox Layoffs
Undead Labs studio head Philip Holt described his
Xbox Was At An “All Time Low,” But Is Now Growing Again After Huge Cuts, CEO Says
Xbox CEO Asha Sharma stated that the company is experiencing renewed growth after significant layoffs and studio closures, calling it a "return to growth" after an "all time low." She also discussed future hardware plans, including a "family of devices" for the next generation, and confirmed that Xbox is not for sale despite recent restructuring efforts.