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Microsoft lays off 4,800 jobs, Xbox studios spun off
https://finance.yahoo.com/technology/articles/microsoft-lays-off-4-800-135239492.htmlMicrosoft announced the elimination of 4,800 jobs on Monday, representing 2.1% of its total workforce, with the company's Xbox gaming division bearing the heaviest share of the cuts.
A memo from Xbox chief executive Asha Sharma to division employees detailed a phased reduction of 3,200 positions stretched across fiscal year 2027. Half of those departures began Monday, while the second batch of 1,600 is staggered throughout the remainder of the fiscal year, which started this month — and those latter cuts come in addition to the 4,800 companywide eliminations. Altogether, the reductions amount to about 20% of Xbox's workforce. "Our business today is not healthy," Sharma wrote in her memo. "We must reset XBOX."