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Microsoft is cutting 3,200 Xbox gaming unit jobs, selling four game studios and reshaping the struggling business as part of a broader restructuring announced Monday.
Why it matters: The restructuring underscores the pressure on Microsoft to improve Xbox's profitability amid the broader company's massive shift to AI and related spending.
Zoom in: Xbox will divest four game development studios, and is reviewing strategic options for a fifth, Xbox CEO Asha Sharma, who took over as CEO in February, wrote in a note to staff Monday.
