Microsoft Xbox layoffs: CEO says 'We lost 64 cents on every dollar'

Microsoft's Xbox division is eliminating approximately 3,200 jobs as part of a major business restructure. The company is resetting its strategy after experiencing slower-than-expected growth and rising costs. Xbox is also simplifying its management structure, reducing layers from fourteen down to five. Four studios, including Compulsion Games, will move to new independent ownership. Xbox expects to return to growth in 2027 and entertain over a billion people daily.

By TOI TECH DESK