‘Our business today is not healthy’: 1,600 Xbox employees among the 4,800 laid off by Microsoft as it looks to ‘reset’ gaming division

Microsoft is reducing its global workforce by 2.1%, resulting in 4,800 layoffs. Approximately 3,200 of these cuts target the Xbox video game business as the company seeks to restructure the struggling division. This includes 1,600 employees dismissed this week and another 1,250 positions to be eliminated during the current fiscal year. The company is shifting resources into artificial intelligence, with leadership stating that the current state of the Xbox business is not healthy.