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The announcement came a day after hosting a Sting concert for 50 individuals, together with 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 brand since 2014, the inaugural CEO of the newly established Microsoft Gaming division, which now homes the Xbox operations staff and the three publishers within the firm’s portfolio (Xbox Recreation Studios, ZeniMax Media, Activision Blizzard).

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