Microsoft to Cut 4,800 Jobs, About 2.1% of Workforce
Microsoft announced it is eliminating approximately 4,800 roles, representing about 2.1% of its global workforce. The company stated the cuts are not related to AI replacement and that several gaming studios will be transitioned under new management.
Microsoft has announced the elimination of around 4,800 positions, or roughly 2.1% of its global workforce. The company clarified that these roles are not being replaced by an AI transition.
In the gaming division, four studios will be placed under new management in an effort to preserve their intellectual property and ongoing projects. Microsoft stated that the restructuring is intended to position the Xbox business for long-term success.
The company indicated that further changes are expected in the future.
Source: First Squawk