<p>Microsoft's Xbox is shutting down a number of gaming studios including Arkane Austin, making it the latest publisher to shut down studios amid signs of a gaming slowdown.</p>.<p>Studios such as "Hi-Fi Rush" maker Tango Gameworks, headquartered in Tokyo, and Canada-based Alpha Dog will also be closed and some employees will be laid off, Matt Booty, head of Xbox Game Studios said in a memo that was seen by Reuters on Tuesday.</p>.<p>Xbox declined to comment when asked about the number of employees impacted by the layoffs.</p>.<p>Growth in personal computing and console gaming is expected to remain below pre-pandemic levels as gamers record fewer hours of playtime owing to weaker release schedules, data from research firm Newzoo showed.</p>.<p>The "reprioritization of titles and resources" is so that Xbox can invest deeply into its portfolio of games and new intellectual property, according to Booty.</p>.<p>All the affected studios are units of ZeniMax Media, which was acquired by Microsoft for $7.5 billion in 2021, and Bethesda.</p>.<p>Microsoft's Xbox content and services segment reported a 62 per cent jump in third-quarter revenue last month, largely driven by the Activision Blizzard acquisition.</p>.Tesla expects to book over $350 million in costs for layoffs.<p>"Grand Theft Auto" maker Take-Two Interactive said it would shut down two subsidiary studios as part of a mass layoff, Bloomberg News reported last week.</p>.<p>Microsoft previously laid off 1,900 employees at Activision and Xbox at the start of the year.</p>.<p>Some developers from Arkane Austin will join other studios and work on projects across Bethesda, the creator of "The Elder Scrolls" and "Fallout" titles.</p>.<p>Servers of the game "Redfall", made by Arkane, will continue to remain online for players. </p>
<p>Microsoft's Xbox is shutting down a number of gaming studios including Arkane Austin, making it the latest publisher to shut down studios amid signs of a gaming slowdown.</p>.<p>Studios such as "Hi-Fi Rush" maker Tango Gameworks, headquartered in Tokyo, and Canada-based Alpha Dog will also be closed and some employees will be laid off, Matt Booty, head of Xbox Game Studios said in a memo that was seen by Reuters on Tuesday.</p>.<p>Xbox declined to comment when asked about the number of employees impacted by the layoffs.</p>.<p>Growth in personal computing and console gaming is expected to remain below pre-pandemic levels as gamers record fewer hours of playtime owing to weaker release schedules, data from research firm Newzoo showed.</p>.<p>The "reprioritization of titles and resources" is so that Xbox can invest deeply into its portfolio of games and new intellectual property, according to Booty.</p>.<p>All the affected studios are units of ZeniMax Media, which was acquired by Microsoft for $7.5 billion in 2021, and Bethesda.</p>.<p>Microsoft's Xbox content and services segment reported a 62 per cent jump in third-quarter revenue last month, largely driven by the Activision Blizzard acquisition.</p>.Tesla expects to book over $350 million in costs for layoffs.<p>"Grand Theft Auto" maker Take-Two Interactive said it would shut down two subsidiary studios as part of a mass layoff, Bloomberg News reported last week.</p>.<p>Microsoft previously laid off 1,900 employees at Activision and Xbox at the start of the year.</p>.<p>Some developers from Arkane Austin will join other studios and work on projects across Bethesda, the creator of "The Elder Scrolls" and "Fallout" titles.</p>.<p>Servers of the game "Redfall", made by Arkane, will continue to remain online for players. </p>