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The announcement came a day after hosting a Sting live performance for 50 people, including Microsoft executives, in Davos, Switzerland. In January 2023, CEO Satya Nadella announced Microsoft would lay off 10,000 staff. Microsoft also named Phil Spencer, head of the Xbox model 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 company’s portfolio (Xbox Sport Studios, ZeniMax Media, Activision Blizzard). In September 2021, it was announced that the corporate had acquired TakeLessons, a web-based platform that connects college students and tutors in quite a few topics.
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