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Xbox Restructures Amid Profit Woes | Oakland News
Xbox is slashing 1,600 jobs as part of a bold reset to revive its struggling gaming division, with CEO Asha Sharma revealing razor-thin profit margins and a costly hardware crisis. Another 1,600 layoffs are planned before year’s end, alongside spinning off four acquired studios—including Activision Blizzard—that failed to deliver expected growth. These cuts are part of a broader Microsoft restructuring tied to shifting customer demands—not AI disruption—and signal a painful but strategic pivot for the gaming giant. Listen in comfort:Get a discount on a Soli Pillow…
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