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In January 2023, CEO Satya Nadella introduced Microsoft would lay off 10,000 workers. Microsoft also named Phil Spencer, head of the Xbox brand since 2014, the inaugural CEO of the newly established Microsoft Gaming division, which now houses the Xbox operations staff and the three publishers within the firm’s portfolio (Xbox Recreation Studios, ZeniMax Media, Activision Blizzard). On October 7, Microsoft acquired Ally.io, a software program service that measures companies’ progress in opposition to OKRs, planning to include it into its Viva family of employee expertise products. In the same month, Microsoft acquired Australia-based video modifying software firm Clipchamp. The elevated necessity for distant work and distance education drove demand for cloud computing and grew the company’s gaming gross sales.
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