Microsoft imposed an "unrealistic" 30% profit margin target on Xbox, far above the 17-22% industry average, leading to layoffs and canceled titles.
Activision Blizzard
Microsoft announces 9,000 global layoffs, heavily impacting gaming divisions. Perfect Dark and Everwild are canceled, The Initiative studio is closed, and other studios face significant cuts.
hackers used a phishing attack to obtain a verification code from an Activision employee, gaining access to their Slack account