Microsoft cuts 4,800 jobs, with Xbox facing major restructuring under new CEO
By
Liv McMahon
Summary
Microsoft is cutting 4,800 jobs (2.1% of its workforce), with Xbox bearing a significant portion of the layoffs — 1,600 roles immediately axed and another 1,600 expected in the coming year. The move is described by Xbox's new CEO Asha Sharma as "the most significant restructure in Xbox history," as the tech giant refocuses on customer delivery amid a fast-changing industry.
Source
bskyMicrosoft cuts 4,800 jobs, with Xbox facing major restructuring under new CEOh24.newsKey quotes
· 2 pulledAmy Coleman, executive vice president at Microsoft, told employees in a memo that the tech giant needed to focus on areas that can deliver for customers amid a 'fast-changing industry'.
Asha Sharma, who recently took over as Xbox's chief executive, said in a note to staff it was 'beginning the most significant restructure in Xbox history'.
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