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The announcement came a day after internet 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 houses the Xbox operations group and the three publishers in the company’s portfolio (Xbox Sport Studios, ZeniMax Media, Activision Blizzard). In September 2021, it was introduced that the company had acquired TakeLessons, an internet platform that connects college students and tutors in numerous topics. In April 2021, Microsoft introduced it will buy Nuance Communications for about $16 billion, finishing the acquisition in March 2022.
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