Last week, it was rumored that Microsoft was getting ready for a major round of layoffs within the Xbox team. Bloomberg is now reporting that employees in the company’s gaming division were informed of job cuts Wednesday morning. The PC giant has been on a cost-cutting mission lately, announcing it would let go of 3 percent of its global workforce earlier this summer, and announcing a further 9,000 job cuts on Wednesday. According to Bloomberg , Microsoft’s Stockholm-based King division, famous for Candy Crush , is laying off 10 percent of its staff, representing roughly 200 jobs. While some other European gaming offices are also cutting, US units are reportedly being informed later Wednesday.
The Buss family will keep a minority share of the team, just over 15%, for a period of time, a source said.
In addition, Jeanie Buss will remain the Lakers' governor and continue to run the team for "at least a number of years," sources with knowledge of the deal told ESPN's Ramona Shelburne. It was guaranteed as part of the agreement that Buss would remain in charge for the foreseeable future, and Walter fully endorsed this plan, according to sources.
Walter, the CEO and chairman of diversified holding company TWG Global, has been a stakeholder in the Lakers since 2021, when he purchased Phil Anschutz's share of 26%. That also was when Walter received a right of first refusal on the majority share of the team.
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