… Link: Bungie Plans Layoffs After Ending ‘Destiny 2’ Development | https://www.bloomberg.com/news/articles/2026-05-21/bungie-plans-layoffs-after-ending-destiny-2-development | Bloomberg
… Microsoft confirmed the layoffs in a statement to Seeking Alpha. “As part of our regular business planning, we’ve implemented organizational changes to best position ourselves for future success,” said an unnamed LinkedIn spokesperson. …
Microsoft’s Xbox division will be hit with significant layoffs next month, according to people familiar with Microsoft’s plans. The company has been preparing for the layoffs internally for weeks, with Xbox CEO Asha Sharma hinting about “making hard choices” last month. …
… This is reportedly the first of two waves of layoffs planned for this year, and follows an earlier report from Reuters that suggests Meta could cut as much as 20 percent of its workforce. …
… In an email from Meta management shared by Business Insider, impacted staffers were told that the planned headcount reduction was part of the company’s “continued effort to run the company more efficiently and to allow us to offset the other investments we’re making.” Reports of an upcoming wave of… …
Last week, Xbox boss Asha Sharma sent a memo warning of an Xbox “reset” ahead of expected layoffs, and today, Kotaku reported that Xbox plans to shut down Compulsion Games, the studio behind South of Midnight. …
Virtual Reality Richard Lawler May 18 With mass layoffs plannned, Meta reassigns thousands of employees to AI initiatives. …
… Some divisions aren’t doing so hot though — the Reality Labs unit that builds wearables and virtual reality devices reported an operating loss of $4.03 billion over the three-month quarter, and follows Meta’s Reality Labs employees being hit by two waves of layoffs since January. …
…Sony now forecasts that annual gaming revenue will drop 6 percent, but these forecasts could be impacted by ongoing memory costs. “We plan to base our PS5 hardware sales in FY26 on…
… Hardware prices keep going up, layoffs have shown no signs of stopping, and even big-budget titles backed by large corporations can feel precarious. …