The layoffs are expected after Microsoft's fiscal year ends on June 30

Jun 11, 2026

09:52 am

What's the storyMicrosoft's gaming division, Xbox, is planning major layoffs and budget cuts. The move comes as part of a restructuring effort under new CEO Asha Sharma.

Sharma took over the gaming business in February and has since been looking for ways to improve financial performance amid declining hardware sales and profitability pressures.