Xbox CEO Asha Sharma addressed staff following the decision to lay off 3,200 employees, citing financial challenges and strategic restructuring to stabilize the company's future.

Xbox will cut about 3,200 jobs and offload five studios, including the UK’s Ninja Theory and France’s Arkane, in its biggest-ever restructure.

Microsoft announced plans to lay off around 4,800 employees on Monday. Of those, 1,600 come from Xbox layoffs and studio spinouts. More will follow.

Xbox is set to layoff 1,600 staffers Monday and up to another 1,600 over the next year in what new CEO Asha Sharma calls the "most significant restructure" in the Microsoft-owned…

"Our business today is not healthy," Xbox CEO Asha Sharma warned in a memo to staff Monday.

Microsoft plans to cut around 4,800 jobs, nearly 2% of its workforce, as part of a restructuring effort. | World News

Xbox CEO Asha Sharma has announced a year-long plan to reduce the division's staff by over 3,000, with 1,600 being laid off today. Five studios are leaving Xbox.

Two years after paying $68.7 billion for Activision Blizzard, Microsoft is tearing down the empire it built. The numbers behind the reset explain why — and expose a question the…

Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."

Microsoft eliminated approximately 2.1% of its global workforce

Microsoft said Monday it was eliminating about 4,800 jobs -- roughly two percent of its global workforce -- in a cost-cutting move that will deliver a sweeping restructuring of…

Microsoft is laying off 4,800 employees as Xbox begins its biggest-ever restructuring. Here's why the company is cutting jobs and what changes are coming.

A third of Microsoft's global layoffs were Xbox employee as the company reduced its workforce by 2.1% globally.

Microsoft announces 4,800 job cuts, with its Xbox division reducing staff by 20% and planning to spin off four gaming studios into independent entities.

Microsoft is cutting 4,800 jobs globally, including 1,600 at Xbox, as the gaming business restructures amid rising hardware costs and weak margins.

Microsoft is cutting 4,800 jobs globally, with Xbox losing up to 20% of its workforce by 2027. Here's what the restructuring means for crypto and Web3

Xbox CEO Asha Sharma addressed staff following the decision to lay off 3,200 employees, citing financial challenges and strategic restructuring to stabilize the company's future.

Asha Sharma unveiled sweeping changes at the Microsoft unit Monday, including layoffs that will impact 20% of staff.

Asha Sharma unveiled sweeping changes at the Microsoft unit Monday, including downsizing that will impact 20% of staff.

These cuts are part of broader layoffs at Microsoft, which on Monday said it is eliminating about 4,800 roles

Microsoft's Xbox division eliminates 3,200 jobs and divests four game studios as CEO Asha Sharma calls for a reset amid unsustainable operating margins.