TECH - Microsoft Claps Back At FTC Insists Activision Was 'Already Planning Significant' Layoffs | Benzinga
Microsoft Corp. (NASDAQ: MSFT) has responded directly to the Federal Trade Commission's (FTC) claims regarding layoffs following the acquisition of Activision.
The FTC blasted Microsoft's 1,900 layoffs, saying they contradicted earlier assurances made during the antitrust trial.
However, Microsoft rebutted, stating that Activision had already planned significant job cuts before the merger, and criticized the FTC's assertions as "incomplete and misleading," The Verge reported.
Microsoft clarified: "Activision was already planning on eliminating a significant number of jobs while still operating as an independent company."