Xbox Entertainment Studios to close

Microsoft’s Phil Spencer has confirmed Xbox Entertainment Studios will close as part of the company’s recently announced cost-cutting plan. Re/code sources claim that the branch was "disorganized" and "lacked a fully fleshed-out business model." The Santa Monica-based studio housed around 200 employees. "As part of the planned reduction to our …

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Microsoft to axe 18,000 jobs

Microsoft will cut 18,000 jobs over the next year, the firm has said. The majority of those will be in the firm’s Nokia division that it acquired in April. 12,500 jobs will be going from the mobile operation. The move is part of a cost-cutting programme designed to save the …

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