Microsoft denies reneging on its promise regarding layoffs

Microsoft has denied allegations made by US regulators that it broke its promise by cutting jobs following its acquisition of Activision Blizzard. The Federal Trade Commission (FTC) claims that Microsoft’s job cuts contradict its previous statements. However, Microsoft argues that the idea of job cuts did not originate from the takeover and that Activision was already planning on eliminating jobs. The controversial $69 billion deal gives Microsoft control of popular games such as Call of Duty and Candy Crush. The FTC is seeking an injunction to halt the deal in order to consider anti-trust implications. If successful, the regulator could approve the merger but may also decide to split Activision Blizzard into separate entities or block it entirely. Microsoft has stated that it stands behind its previous statements and is planning a business update event to discuss the future of Xbox.