Quartz·2 min read·medium
Microsoft is cutting 4,800 jobs as Xbox plans to spin off 4 game studios
✦AI Summary
Microsoft's Xbox division is planning to cut 4,800 jobs and spin off four game studios as part of a restructuring effort. CEO Asha Sharma cited the division's current financial health as the primary driver for these significant staff reductions through 2027.
Xbox CEO Asha Sharma said the division's business "is not healthy" and will cut roughly 20% of its staff through fiscal year 2027
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