Microsoft Cuts 4,800 Jobs as Xbox Undergoes Painful Reset

Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, in a major downsizing that hits its gaming business especially hard and signals a deeper strategic reset inside Xbox. The cuts include about 1,600 Xbox employees immediately, with another 1,600 job cuts expected later this fiscal year as Microsoft reorganizes its gaming division to […]

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