Business · 2h ago
Microsoft Lays Off 4,800, Sells Four Xbox Studios
Microsoft is cutting 4,800 jobs, about 2.1% of its workforce, and selling four Xbox game studios. The layoffs are part of a broader restructuring amid ongoing cost-cutting efforts. The studio sales signal a shift in Microsoft's gaming strategy.
Meridian48 take
The layoffs and studio sales suggest Microsoft is doubling down on high-margin businesses like cloud and AI, while trimming its gaming ambitions.
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