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The announcement got here a day after 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 employees. Microsoft additionally 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 team and the three publishers within the firm’s portfolio (Xbox Sport Studios, ZeniMax Media, Activision Blizzard). In October 2021, Microsoft announced that it started rolling out end-to-end encryption (E2EE) assist for Microsoft Teams calls to be able to secure enterprise communication whereas utilizing video conferencing software.

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