Microsoft Cuts 4,800 Jobs as Xbox Undergoes Its Biggest Restructuring Yet

CNBC · 1d ago

Microsoft eliminated roughly 4,800 positions this month, with about 1,600 of them inside Xbox as part of what CEO Asha Sharma called the division's most significant overhaul in its history. Sharma's internal memo pointed to thin margins and a worsening console hardware cost crunch as driving factors, with several studios being spun off or transitioned to new ownership. The cuts land alongside Sony's and Nintendo's own hardware strategy shifts, underscoring a rough stretch for the console business broadly.