Microsoft cuts 3,200 Xbox jobs, spins off four studios in major layoffs

Microsoft has made a significant move in its gaming division by laying off 4,800 employees, with over 30% of those cuts coming from the Xbox division. As part of this restructuring, the company has also spun off four studios, signaling a major shift in its gaming strategy. This move reflects a broader industry trend of consolidation and reevaluation of internal resources. The layoffs and studio closures could impact upcoming game releases and the future direction of Microsoft's gaming ambitions, suggesting a major recalibration in its gaming business.