Microsoft's Xbox cuts 1,600 employees, with plans to shed 20% of its workforce this year

Microsoft’s Xbox plans to cut 3,200 employees (~20% of its workforce) this fiscal year, alongside a broader layoff of around 4,800 employees announced on Monday. The reductions signal meaningful cost pressures and could weigh on near-term sentiment for Xbox’s operating outlook.

Analysis

Microsoft’s Xbox plans to cut 3,200 employees (~20% of its workforce) this fiscal year, alongside a broader layoff of around 4,800 employees announced on Monday. The reductions signal meaningful cost pressures and could weigh on near-term sentiment for Xbox’s operating outlook.