Microsoft Resets Xbox Amid Major Cuts | Texas News

Microsoft is slashing nearly 5,000 jobs, including a major hit to Xbox, as CEO Asha Sharma pushes for a “reset” amid a hardware crisis, low margins, and rising costs. The move follows a voluntary buyout program where over 30% of eligible employees chose early retirement. With Xbox battling PlayStation and Nintendo, Microsoft is also spinning off four acquired studios, signaling a strategic pivot. These changes reflect broader industry shifts driven by AI, automation, and economic pressures. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f279387401cff242