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JG

Jerk Gustafsson

Co-founder and head of MachineGames; president of Arkane Lyon

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Microsoft cuts Xbox jobs and sells off game studios to fund AI

Money Moves

Running both MachineGames and Arkane Lyon simultaneously

Microsoft cut about 4,800 jobs on Monday, most of them in its Xbox gaming division. It also let go of four studios it had spent years buying: Compulsion Games, Double Fine, Ninja Theory, and Undead Labs.

Updated 1 hour ago