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Microsoft Cuts 5K Jobs Amid Gaming Crisis | Washington DC News
Microsoft is slashing nearly 5,000 jobs, with a major hit to Xbox, citing low profits and soaring hardware costs amid a brewing “hardware crisis.” This follows earlier voluntary buyouts that 30% of eligible staff accepted, and comes as Xbox’s business is deemed “not healthy” compared to rivals like Sony and Nintendo. The company also plans to spin off four acquired game studios and expects 1,600 more cuts this fiscal year — all part of a broader tech industry shift driven by AI and automation reshaping workforce needs. Thank you to our sponsor Garrett Waller Performance…
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