Microsoft lays off 4,800 workers, with over 1,600 cuts at Xbox in major restructuring
Microsoft has cut 4,800 jobs (2.1% of its workforce), with Xbox bearing a significant portion of the layoffs — over 1,600 immediate job losses. The cuts are part of what Xbox's new CEO Asha Sharma called "the most significant restructure in Xbox history." Executive VP Amy Coleman cited a "fast-changing industry" and the need to focus on areas that deliver for customers.
Key quotes
Amy 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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