Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move


FILE PHOTO: Head of Microsoft Xbox Phil Spencer speaks during the Microsoft Xbox E3 2017 media briefing in Los Angeles, California, U.S., June 11, 2017. REUTERS/Kevork Djansezian/File Photo

(Reuters) - Microsoft's Xbox is shutting down a number of gaming studios including Arkane Austin, making it the latest publisher to shut down studios amid signs of a gaming slowdown.

Studios such as "Hi-Fi Rush" maker Tango Gameworks, headquartered in Tokyo, and Canada-based Alpha Dog will also be closed and some employees will be laid off, Matt Booty, head of Xbox Game Studios said in a memo that was seen by Reuters on Tuesday.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Czech prime minister in favour of social media ban for under-15s
Analysis-Investors chase cheaper, smaller companies as risk aversion hits tech sector
PDRM calls for greater parental vigilance as grooming by online predators leads victims to share more CSAM content
New app helps you sit up straight while at your computer
Dispose of CDs, DVDs while protecting your data and the environment
'Just the Browser' strips AI and other features from your browser
How do I reduce my child's screen time?
Anthropic buys Super Bowl ads to slap OpenAI for selling ads in ChatGPT
Chatbot Chucky: Parents told to keep kids away from talking AI dolls
South Korean crypto firm accidentally sends $44 billion in bitcoins to users

Others Also Read