Tech & Business
Microsoft to cut 4,800 jobs, overhaul Xbox unit
Microsoft said on Monday it would cut 4,800 jobs, or about 2.1% of its global workforce, overhauling its Xbox gaming business and divesting up to five studios. The restructuring of its gaming division will involve 3,200 job cuts, including laying off 1,600 employees on Monday. Microsoft said the cuts equal about 2.1% of its workforce. Eliminated roles are not being replaced
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