hardware crisis
Coverage of hardware crisis in the Nexus archive.
- ‘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 cutting 4,800 jobs globally, including 1,600 Xbox employees, as part of a reorganization to 'reset' its gaming division. Xbox CEO Asha Sharma stated the business is 'not healthy' due to lower profit margins compared to competitors and a 'hardware crisis' in console component costs.
- 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.
- Microsoft's Xbox cuts 1,600 employees, with plans to shed 20% of its workforce this year
Microsoft's Xbox division plans to cut 3,200 employees (20% of its workforce) this fiscal year, with 1,600 layoffs announced immediately. The cuts are part of a broader Microsoft restructuring, citing poor business performance and a hardware crisis.