Microsoft cuts 4,800 jobs as it revamps Xbox in latest wave of mass layoffs
AI Today Summary
Microsoft announced it will cut about 4,800 jobs globally, focusing heavily on restructuring its Xbox gaming division by eliminating around 3,200 gaming roles, spinning off or selling four game studios, and potentially closing a fifth. These layoffs are part of broader cost-cutting efforts amid heavy investment in artificial intelligence and follow previous workforce reductions since Microsoft's acquisition of Activision Blizzard. Xbox leadership cited unprofitable margins and aims to return the
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