Xbox Restructuring Amid Major Layoffs | Phoenix News

Microsoft is slashing nearly 5,000 jobs, including 1,600 in Xbox, as part of a major restructuring to revive the struggling gaming division amid rising hardware costs and weak profit margins. Xbox CEO Asha Sharma bluntly called the business “not healthy,” while the company also spins off four acquired studios. These moves follow a voluntary buyout program where over 30% of eligible employees retired, helping shape the current cuts. All this comes as AI and automation reshape the tech industry — and Xbox fights to stay competitive. 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/7e29525805ccaad8