A majority of the cuts are in the company's XBOX division, which is slashing more than 3,000 jobs. Four gaming studios will become independent as part of the XBOX layoffs.
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Microsoft is pressing its Xbox business for growth and stronger profits after 25 years of losses and thin margins. Here's the math and the strategy behind the reset, with Xbox layoffs expected as soon as next week.
Microsoft is cutting 4,800 jobs and overhauling its Xbox gaming business in what its new gaming CEO calls the biggest restructuring in Xbox history, while reshaping its sales and consulting division amid record AI spending and a 30% stock slide.
Xbox CEO Asha Sharma calls it the most significant restructuring in Xbox history: 3,200 job cuts, four studio spinoffs, a new COO, and a flattened management structure — all aimed at turning around a division she says has been losing 64 cents on every dollar invested in its studios.
Microsoft is cutting 4,800 jobs in its latest round of layoffs, and the Xbox division is taking one of the biggest hits. Roughly one in five Xbox employees will leave over the next year, marking one of the largest restructurings […] The post Microsoft lays off 4,800 employees as AI reshapes the comp…
Microsoft is cutting roughly 2.1% of its global workforce, affecting thousands of employees across several divisions, with its Xbox business facing some of the
(KRON) -- Microsoft is cutting thousands of jobs with the majority of layoffs hitting the company's video game division, Xbox. The tech giant is set to cut 4,800 jobs -- about 2.1% of its global workforce. Many of those cuts will hit Xbox.
With just a few months under new leadership in the gaming division, Microsoft is set to perform a significant overhaul of Xbox, including a number of job cuts in the process. Microsoft's Xbox is planning some major changes to the company — with some staff reductions starting as soon as Monday — unde…
by Arianna Hooker at CDN - Microsoft announced Monday that it is cutting 4,800 Xbox jobs amid an era in which the rise of artificial intelligence is transforming the tech industry. The technology giant, which Bill Gates co-founded a half century ago, is cutting 2.
SEATTLE — Microsoft said Monday that it was making major changes to its Xbox video game business, dropping several game studios and cutting its Xbox workforce by 20%. The company said it would lay off 1,600 Xbox employees now and cut another 1,250 roles over the next year.
REDMOND, Wash. — Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business.
Microsoft is cutting approximately 4,800 positions across its global workforce, representing about 2.1% of its total employees. The company disclosed the reductions on Monday, with a significant portion targeting its Xbox gaming division amid broader industry shifts driven by advancing technology.
Microsoft will cut about 4,800 jobs from its Xbox gaming division as it restructures the struggling business. The software giant recently put a young Indian executive in charge of Xbox who has no experience with the video game industry.
A majority of the cuts are in the company's XBOX division, which is slashing more than 3,000 jobs. Four gaming studios will become independent as part of the XBOX layoffs.
