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The announcement got here a day after hosting a Sting live performance for 50 folks, including Microsoft executives, in Davos, Switzerland. In January 2023, CEO Satya Nadella introduced Microsoft would lay off 10,000 staff. Microsoft also named Phil Spencer, head of the Xbox model since 2014, the inaugural CEO of the newly established Microsoft Gaming division, which now houses the Xbox operations group and the three publishers in the firm’s portfolio (Xbox Game Studios, ZeniMax Media, Activision Blizzard). In September 2021, it was announced that the company had acquired TakeLessons, an online platform that connects college students and tutors in numerous subjects.

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