Microsoft cuts 4,800 jobs and resets Xbox
Digest more
Microsoft is pressing its Xbox business for growth and stronger profits after 25 years of losses and thin margins.
The Microsoft layoffs are set to affect 4,800 jobs, with 3,200 in Xbox. Four studios are on their way out intact, with a fifth under review.
Sega threw in the towel when it was getting beaten in the game console market. The Xbox is sitting in a similar spot now, and Microsoft has big decisions to make.
