Microsoft Restructures Xbox Division, Cuts 4,800 Jobs
Microsoft has announced a major restructuring of its Xbox division, resulting in the elimination of approximately 4,800 jobs, or about 2% of its workforce. This decision comes as the company faces declining revenue and underperformance in its gaming subscription service. The layoffs include significant cuts to gaming staff and a potential closure of a game studio, reflecting the challenges in the competitive gaming market.
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Microsoft cuts thousands as Xbox faces rude awakening
Microsoft’s (MSFT) latest restructuring just sent a painful message to employees and investors at the same time. The company is tightening its workforce again as it looks to manage weaker pockets of the business while keeping its massive AI push on track. The timing couldn’t have been more ...
Microsoft cuts 4,800 jobs as it revamps Xbox in latest wave of mass layoffs
Thousands of gaming jobs will be shed over the coming fiscal year as Microsoft continues to invest heavily in AI Microsoft said on Monday it was eliminating about 4,800 jobs – roughly 2% of its global workforce – in a cost-cutting move that will deliver a sweeping restructuring of its struggling Xbox gaming division. The cuts include the deepest overhaul in Xbox’s history, with approximately 3,200 gaming jobs to be shed over the coming fiscal year, four game studios being spun off or sold, and a fifth entering a review process that could lead to closure, the company said. Continue reading...
Microsoft cuts 4,800 jobs and shrinks Xbox in 'significant restructure'
The sweeping layoffs equate to 2.1% of Microsoft's workforce, with 1,600 immediate job losses at Xbox.
Xbox 'reset' as Microsoft cuts 4,800 jobs
Microsoft has revealed 4,800 job losses globally, with the bulk of the pain to be felt at its struggling Xbox gaming unit where a fifth of its workforce is facing the axe. Pic: iStock
Microsoft Is Cutting More Than 3,000 Jobs in Xbox Division
The videogame unit’s revenue has fallen and its Netflix-like subscription service is far below expectations.