Dossier
REDMOND, Wash.
Coverage of REDMOND, Wash. in the Nexus archive.
- Microsoft cuts 4,800 jobs, including many at Xbox in a ‘reset’ of its gaming division
Microsoft is cutting 4,800 jobs globally, including 1,600 at its Xbox division, as part of a reorganization to 'reset' its gaming business amid heightened competition and a 'hardware crisis.' Xbox CEO Asha Sharma stated the division operates at significantly lower margins compared to similar platform and publishing businesses.