Microsoft reportedly cuts 2,000 jobs one week after becoming world’s most valuable company

The growing spate of video game industry layoffs just worsened, as Microsoft has reportedly cut roughly 1,900 jobs across its studios, with Activision Blizzard in particular being affected.

This is according to an internal memo sent to employees by Xbox boss Phil Spencer, one seen and shared by IGN and The Verge. In typical fashion, Spencer expressed condolences for this “painful decision” and promised “full support to those who are impacted during the transition, including severance benefits informed by local employment laws.”