Microsoft eliminates thousands of jobs amid middling Xbox sales

Microsoft has made a significant move to trim its workforce by thousands of employees, primarily due to underperforming investments, particularly in its Xbox division. Xbox CEO Asha Sharma cited the company's excessive bloat and the financial losses from these investments as key reasons for the cuts. This move comes amid middling sales for the Xbox, highlighting the broader challenges Microsoft faces in maintaining profitability in its gaming sector. The restructuring signals a strategic pivot, potentially reshaping the company's future direction in gaming and tech.