Microsoft plans major job cuts at Xbox gaming division
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Microsoft Corp. will conduct another round of major layoffs in its Xbox division next week as part of a companywide reorganization.
Managers within Xbox are expecting substantial cuts across the entire group, according to people familiar with the plans who asked not to be identified discussing nonpublic information. The company declined to comment.
This will be the fourth big layoff at Xbox in the last 18 months, following three major cuts last year and the closure of several subsidiaries. Xbox, which produces video-game hardware and software, has been under pressure from Microsoft executives to boost profit margins since purchasing Activision Blizzard Inc. for $69 billion in a deal that closed in 2023.
Bloomberg News earlier reported that Microsoft plans to cut thousands of jobs next week, largely in sales.
The tech giant often makes major organizational changes close to the end of its fiscal year, which concludes on June 30.
Schreier writes for Bloomberg.
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