Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business.
The layoffs included 1,600 Xbox workers.
More layoffs are expected to come this year in a broader reorganization designed to “reset” Xbox as it faces heightened competition, the company said Monday, July 6.
“Our business today is not healthy,” said a memo from Xbox CEO Asha Sharma, who took over the gaming division earlier this year.
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“We are operating at margins that are 3-10x lower than comparable platform and publishing businesses.”
Sharma said the industry, in which Xbox competes with Sony’s PlayStation and Nintendo’s Switch, is facing a severe “hardware crisis” as costs soar for console components.
Sir Bartholomew White Ebe is a Nigerian Media Personality, Music Artist, Producer, Blogger and a Relationship Coach. He is a publisher specializing in Nigerian current affairs, politics, and lifestyle news. As the founder and chief editor of Snow Multimedia Connect {SNOW TV} he leads the editorial team to deliver verified, high-impact stories to digital audiences.”
Email: snowmediaconnect@gmail.com
