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Microsoft Xbox cuts 3,200 jobs amid strategy reset and rising costs

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Microsoft's Xbox division is laying off around 3,200 employees as part of a significant business restructuring effort. The move comes after the division faced slower-than-expected growth and mounting operational costs. Xbox is also streamlining its management hierarchy, reducing leadership layers from fourteen to just five. Four game studios, including Compulsion Games, are set to transition to independent ownership. The company aims to return to growth by 2027, with a goal of reaching over one billion daily users.

Read the full story at Times of India

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Microsoft Xbox cuts 3,200 jobs amid strategy reset and rising costs · ShortSingh