Xbox posts hiring ads for finance officers as company faces financial challenges
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Key points
- Hiring ads were spotted on Microsoft’s website calling for finance officers.
- The ads popped up after reports of the company’s gaming division’s struggles surfaced.
- Microsoft reportedly lost more than $300 million in sales because it added Call of Duty to the Game Pass.
Two job vacancies on Microsoft’s website related to turning around the finances of the company’s gaming division were spotted. The two ads were for a gaming finance transformation lead and a gaming content and studios finance lead.
The gaming content and studios finance lead will work closely with the studios. One of the responsibilities written on the ad was “develop and champion a holistic financial strategy for multi-billion-dollar gaming franchises, driving execution and accountability.”
The gaming finance transformation lead, on the other hand, will be partnering with finance, IT and business stakeholders to “drive strategy.” Additionally, the position requires the successful candidate to “accelerate and drive financial transformation efforts for acquisitions and system consolidations, ensuring alignment with corporate policies and regulatory requirements.”
The vacancies have popped up in tandem with the announcement that the Xbox Game Pass will increase in price. Microsoft also announced that it will launch a free cloud gaming plan, but it will be supported by ads.
Recently, there have been reports that the Xbox Game Pass price increase was driven by the company’s losses due to putting major titles in the subscription service. Microsoft reportedly lost more than $300 million in sales because it added Call of Duty to the catalog.
