CNBC·3 min read·medium
Microsoft cuts 2.1% of employees as Xbox unit plans to spin studios
J
Jordan Novet
✦AI Summary
Microsoft is laying off 4,800 employees, including 20% of its Xbox division staff, as part of a long-term restructuring effort. The company aims to cut costs amid market challenges and a shift in focus toward artificial intelligence.
Microsoft said Monday it is immediately eliminating 4,800 jobs, representing 2.1% of its workforce, in the software giant's latest effort to cut costs in the era of artificial intelligence . Its Xbox division will lose about one-fifth of its staff, including 1,600 jobs on Monday and additional cuts in the coming months.
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