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Microsoft Cuts 4,800 Jobs Including 1,600 at Xbox in Major Gaming Division 'Reset'

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Microsoft Cuts 4,800 Jobs Including 1,600 at Xbox in Major Gaming Division 'Reset'

Microsoft is cutting 4,800 jobs — about 2.1% of its global workforce — including 1,600 workers at its Xbox gaming division, with another 1,600 Xbox cuts expected later this fiscal year. Xbox CEO Asha Sharma, who took over the gaming division earlier this year, said in a memo that "our business today is not healthy," citing margins 3-10x ...

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