Microsoft’s Xbox Reportedly Plans Major Layoffs and Budget Cuts
Microsoft's Xbox division is reportedly preparing for major layoffs next month alongside significant budget reductions, according to Bloomberg News. The reported restructuring would be the first major overhaul under Xbox CEO Asha Sharma, who took charge in February. Bloomberg said the gaming business has faced challenges from declining console sales, weaker revenue growth and pressure on profitability despite heavy investment in content and platforms. The exact scale of the layoffs remains unclear. Microsoft has not officially confirmed the reported cuts, which are expected to take place after the end of its fiscal year in June.