Microsoft to cut 4,800 jobs in major Xbox and gaming division ‘reset’
# Microsoft Cuts 4,800 Jobs, Especially in Gaming Division Microsoft is laying off 4,800 workers (about 2% of its workforce), with over half coming from its Xbox gaming business, because the company says gaming profits are far too low compared to competitors like PlayStation and Nintendo. The cuts are happening because making game consoles is getting more expensive while sales aren't keeping up, forcing Microsoft to restructure how it runs the gaming division. The company plans to cut another 1,600 Xbox jobs later this year and is also selling off some of its game studios.
Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business. The layoffs included 1,600 Xbox workers, with more to come this year in a broader reorganization designed to “reset” Xbox as it faces heightened competition, t
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