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The announcement came a day after hosting a Sting concert for 50 folks, together with Microsoft executives, in Davos, Switzerland. In January 2023, CEO Satya Nadella announced Microsoft would lay off 10,000 workers. Microsoft additionally named Phil Spencer, head of the Xbox brand since 2014, the inaugural CEO of the newly established Microsoft Gaming division, which now homes 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 online platform that connects college students and tutors in numerous topics. In April 2021, Microsoft announced it would buy Nuance Communications for approximately $16 billion, finishing the acquisition in March 2022.
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