Microsoft plans to cut 4,800 jobs, impacting its commercial business and the Xbox gaming group. The layoffs represent approximately 2.1% of the company’s global workforce.
The job cuts include 1,600 positions at Xbox, with Microsoft citing a challenging hardware market. According to CBS News, the company described the current situation as “the most severe hardware crisis in its history.” CNBC reported that Microsoft also plans to spin off four gaming studios.
The Washington Times characterized the move as a “reset” of Microsoft’s gaming division. The Hollywood Reporter stated that Xbox is undergoing its “most significant restructure” in platform history, with Xbox CEO Asha Sharma warning staff that “Our business today is not healthy.”
Microsoft is cutting 3,200 jobs at Xbox, according to the Hollywood Reporter.
The BBC reported that the sweeping layoffs equate to 2.1% of Microsoft's workforce.
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