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Microsoft cuts 4,800 jobs and shrinks Xbox in 'significant restructure'

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Image caption, Asha Sharma, Xbox's recently minted chief executive, warned of a company "reset" back in June.

Microsoft has announced it has cut 4,800 jobs - roughly 2.1% of its workforce - with Xbox to bear several its latest layoffs.

Key facts

Summary

Amy Coleman, executive vice president at Microsoft, told employees in a memo that the tech giant needed to focus on areas that can deliver for customers amid a "fast-changing industry". The sweeping layoffs will see more than 1,600 roles immediately axed at Xbox. Asha Sharma, who recently took over as Xbox's chief executive, said in a note to staff it was "beginning the most significant restructure in Xbox history". Another 1,600 jobs will be lost in the coming year, Sharma said in the note, shared on X, external.

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