Microsoft Announces 4,800 Job Cuts, Restructuring Xbox Division
Quick Look
- Microsoft is cutting approximately 4,800 jobs, about 2% of its global workforce, as part of a cost-cutting and restructuring effort.
- The struggling Xbox gaming division will see the deepest overhaul in its history, with 3,200 gaming jobs shed, four studios spun off or sold, and a fifth under review.
AI-generated summary
Microsoft is cutting approximately 4,800 jobs, about 2% of its global workforce, as part of a cost-cutting and restructuring effort. The struggling Xbox gaming division will see the deepest overhaul in its history, with 3,200 gaming jobs shed, four studios spun off or sold, and a fifth under review.