Microsoft announced plans to cut nearly 5,000 jobs, with more than half of the layoffs affecting its Xbox gaming division, as part of a restructuring to focus on artificial intelligence. The company said 1,600 employees will be let go in the first phase, with another 1,250 by the end of the year.
Microsoft announced a restructuring plan that will see nearly 5,000 employees laid off, with more than half of the cuts concentrated in the Xbox gaming division. The company said 1,600 employees will be let go in the first phase, and another 1,250 by the end of the year. The layoffs are part of a broader effort to streamline operations and focus on artificial intelligence, an area where Microsoft is investing tens of billions of dollars. The Xbox division, responsible for the company's gaming console and services, is being 'simplified' as part of the reorganization.
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