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Microsoft Cuts 5K Amid Xbox Reset | Oakland News
Microsoft is slashing nearly 5,000 jobs, with 1,600 from Xbox as part of a major reset amid rising hardware costs and shrinking profit margins. The company is also spinning off four acquired studios, following recent voluntary buyouts that 30% of eligible employees accepted. This wave of layoffs mirrors broader industry shifts driven by AI and automation, while other sectors—from tech to academia—are also cutting staff due to funding shortfalls and market pressures. Thousands are affected as companies scramble to adapt in a rapidly changing economy. Listen in comfort:Get a discount on a Soli…
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