Microsoft · CBS News Technology
Microsoft to cut more than 3,000 jobs from ailing Xbox unit
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Microsoft said Monday that it will cut 3,200 jobs from its struggling Xbox video game business.
Key facts
- The price of consoles with 512 GB of storage will increase by $100 to nearly $500, while those with 1 TB of storage will increase by $150
- Microsoft said Monday that it will cut 3,200 jobs from its struggling Xbox video game business
- The technology giant will immediately eliminate 1,600 positions, while other jobs will be cut as four game development studios leave the Xbox unit
- Sharma said to expect another 1,600 job cuts over the course of the fiscal year that began last week
Summary
The technology giant will immediately eliminate 1,600 positions, while other jobs will be cut as four game development studios leave the Xbox unit. "Our business today is not healthy," Xbox CEO Asha Sharma, who took over the gaming division earlier this year, said in a memo to Xbox workers released by Microsoft. Sharma also acknowledged that Microsoft's investments in Game Pass, a subscription gaming service, and multi-platform services have grown more slowly than expected. "As that happened, their core business weakened, and they added more teams, more investment, and more time, hoping for a better outcome.