Microsoft guts Xbox: 3,200 jobs cut and five studios divested, two of them European

Microsoft is executing the most significant restructure in Xbox history because the business is not healthy. According to a memo from CEO Asha Sharma, the company is cutting 3,200 jobs and divesting five studios, including two European entities. Other reports indicate total job cuts could reach 4,800 as part of this overhaul. These drastic measures aim to fix the division's current state through extensive workforce reductions and the strategic removal of several development studios.