BUSINESSFORTUNE
‘Our business today is not healthy’: 1,600 Xbox employees among the 4,800 laid off by Microsoft as it looks to ‘reset’ gaming division
Microsoft is cutting 4,800 jobs globally, including 1,600 Xbox employees, as part of a reorganization to 'reset' its gaming division. Xbox CEO Asha Sharma stated the business is 'not healthy' due to lower profit margins compared to competitors and a 'hardware crisis' in console component costs.
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