First reported by Mailchimp
Microsoft Announces 4,800 Job Cuts as it Revamps Xbox
Microsoft lays off 4,800 workers, including 1,600 at Xbox, in gaming division 'reset'
By
Associated Press
5h ago· 2 min readenNews
Summary
Microsoft is cutting 4,800 jobs (2.1% of its global workforce), including 1,600 workers at its Xbox gaming division, as part of a broader reorganization to address poor financial performance. Xbox CEO Asha Sharma stated the business is "not healthy" with margins 3-10x lower than comparable platforms, signaling a strategic "reset" amid heightened competition in the gaming industry.
Source
bskyMicrosoft lays off 4,800 workers, including 1,600 at Xbox, in gaming division 'reset'mcall.comKey quotes
· 2 pulledOur business today is not healthy.
We are operating at margins that are 3-10x lower than comparable platform and publishing businesses.
The layoffs included 1,600 Xbox workers, with more to come this year.
You might also wanna read
Microsoft cuts 4,800 jobs, including many at Xbox in a 'reset' of its gaming division
The Independent·1d ago
‘Our business today is not healthy’: 1,600 Xbox employees among the 4,800 laid off by Microsoft as it looks to ‘reset’ gaming division
FORTUNE·23h ago
Microsoft lays off 4,800 workers, Xbox gaming unit among hardest hit
Microsoft is cutting approximately 4,800 jobs (2.1% of its global workforce), with its Xbox gaming division being one of the hardest-hit are
cnn.it·22h ago
Microsoft Announces 4,800 Layoffs, Xbox Division Hit By Major Workforce Reduction
Mashable·1d ago
Xbox lays off 3,200 employees, cites industry-wide hardware crisis
Microsoft's Xbox division is laying off 3,200 employees, with 1,600 let go immediately and another 1,600 to follow within the year. A memo f
The A.V. Club·1d ago
Xbox 'reset' as Microsoft cuts 4,800 jobs
Sky News·1d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.