Microsoft Xbox Layoffs

Microsoft said it will cut 4,800 jobs, about 2.1% of its global workforce, in a restructuring that puts the biggest reductions in its Xbox gaming division. Xbox will eliminate 1,600 positions immediately and about 3,200 gaming jobs over the coming fiscal year, roughly one-fifth of the unit’s staff. The plan also includes spinning off or selling four Xbox game studios as Microsoft narrows the division after years of acquisitions. Executives framed the cuts as a reset of Xbox and a shift toward priority areas including artificial intelligence.