👥 HR & Workplace🌐 Global
Microsoft Cuts 4,800 Jobs in Massive Xbox Overhaul as It Pivots to AI
mint - companies·Tuesday, 7 July 2026
Microsoft announced it is laying off 4,800 employees — about 2.1% of its global workforce — with a large share coming from its Xbox gaming division. Xbox CEO Asha Sharma said in a message to staff that the business 'is not healthy' and flagged weak margins. The restructuring includes plans to spin off several gaming studios.
Why It Matters
This is one of the biggest tech layoffs of 2026 and signals that even profitable giants are sacrificing headcount to fund AI investments — a trend that affects workers in tech globally, including India.
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