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EXCERPT:
Xbox is handing the pink slip to 3,200 of its employees, or 20 per cent of the total workforce, over the next year. The move comes as part of the Microsoft-owned company’s broader AI-led layoffs, with Xbox being affected the most as its “business is not healthy”, Chief Executive Officer Asha Sharma said in a letter to employees.
In her email to workers, Sharma noted that 1,600 employees will be laid off on Monday, while the remaining ones will be let go over FY27. In addition, Xbox will divest four of its gaming studios and is preparing to part ways with another.