Tuesday, 7 July, 2026
Xbox Slashes 3,200 Jobs in "Painful" Pandemic-Era Pivot
By TechShots Studio
Microsoft is laying off 3,200 Xbox employees in its most significant restructuring ever. CEO Asha Sharma revealed the business was unhealthy, noting they "lost 64 cents for every dollar invested" in acquired studios. The overhaul includes spinning off studios Compulsion Games and Double Fine, slashing vendor spending by 50%, and cutting management layers to return to growth by 2027.
Read full story at TIMES OF INDIA