Summary: Microsoft's Massive sheds off about 75% of its people

YESTERDAY WE WROTE about Microsoft's additional layoffs and today we begin to see the inevitable fallout. Microsoft bought Massive just to lay off its employees, to pose this situation in one particular way. Ensemble Studios and Flight Simulator staff told a similar story.

Microsoft announced a new round of layoffs today as it struggles to right itself after reporting tepid results last month. We’ve learned that Massive, the company’s in-game advertising business, suffered something like 75 percent layoffs.

This is another massive blow [no pun intended] for the already-troubled XBox unit. Kotaku and Jo have some more things to say. ⬆

"There is such an overvaluation of technology stocks that it is absurd. I would include our stock in that category. It is bad for the long-term worth of the economy."

--Steve Ballmer