Stocks
Xbox Layoffs Continue as Microsoft Cuts Hundreds More Jobs This Week
Microsoft's Xbox division is bracing for another round of significant staff cuts this week. The move follows a major restructure initiated by Asha Sharma, CEO of Xbox, in July. During that time, Microsoft reduced its gaming workforce by approximately 1,600 positions.
The latest cuts will reportedly impact hundreds more roles, bringing the total number to over 3,200 jobs lost within the division since August. The reductions are part of a broader effort to reset the Xbox business, as outlined in Sharma's vision for the platform.
As part of this restructuring, multiple internal game development studios will be merged under a single entity. However, details on the exact combinations remain unconfirmed at this time.