"Microsoft's Massive Layoffs Shake Up Gaming Industry"

Layoffs at Toys for Bob and Sledgehammer Games, reportedly affecting around 40% and 30% of their staff respectively, are part of Microsoft's decision to lay off 1900 employees across its video game teams following its acquisition of Activision Blizzard and Zenimax. The layoffs have caused concern across the industry, with multiple other companies also announcing layoffs this month, and a recent report revealing that 35% of game developers had been impacted by layoffs in the last 12 months.