Microsoft announced plans to cut 4,800 jobs as part of a restructuring of its Xbox division, according to an official company announcement. The move comes after earlier reports that layoffs were expected as early as last week.
Microsoft has confirmed plans to cut 4,800 jobs as part of a restructuring effort in its Xbox gaming division, matching earlier reports that layoffs were imminent. The company announced the move on Monday, stating the reorganization is intended to streamline operations and refocus resources within the gaming unit. The cuts represent approximately 3-4% of Microsoft's total workforce, according to industry estimates.
As The Zioneer reported on July 2, Walla had indicated that mass layoffs were expected as early as the following week, though at the time the scope and timing were unconfirmed. Monday's announcement provides specifics and official confirmation. The restructuring underscores ongoing contraction in the tech gaming sector.
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