Microsoft is laying off 4,800 employees, primarily from its Xbox Gaming Division, as the company adapts to rapid changes driven by artificial intelligence.
● The cuts amount to 2.1% of Microsoft's workforce, with 1,600 jobs eliminated immediately.
● Executive vice president Amy Coleman highlighted the need for transformation in response to shifting technology and customer demands.
● Asha Sharma, the new CEO of Microsoft Gaming, announced that 3,200 jobs will be reduced throughout FY27, including four Xbox studios transferring management.
● Microsoft aims to streamline its management structure from 14 layers to five for efficiency.
● The company faces low profit margins and rising costs while navigating a changing market environment.
These layoffs reflect Microsoft's strategy to adapt to the evolving tech landscape and address business challenges linked to AI advancements.
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