After cutting 2,500 jobs in under one year, Phil Spencer says he feels good about the industry and that "the Xbox business has never been more healthy"

Phil Spencer.

Microsoft acquired Activision Blizzard King in October, 2023, and since then, around 2,500 people have been laid off from the company's gaming division. Despite this, Xbox boss Phil Spencer says "the Xbox business has never been more healthy".

In an interview with Bloomberg published yesterday, November 12, 2024, Spencer cites growth in cloud gaming and console usage for why he thinks Xbox is doing well at the moment. "The business is performing right now, and I think that means a more healthy future for hardware and the games we build," he says.