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Today's Brief/Tuesday, 7 July 2026/๐Ÿš€ Business & Startups
๐Ÿš€ Business & Startups๐ŸŒ Global

Microsoft Cuts 6,400 Jobs as Xbox Takes the Biggest Hit

mint - companiesยทTuesday, 7 July 2026
Microsoft Cuts 6,400 Jobs as Xbox Takes the Biggest Hit

Microsoft announced a total of 6,400 job cuts, with Xbox bearing the brunt โ€” 4,800 jobs gone and five gaming studios set to be spun off. Xbox CEO Asha Sharma said plainly that 'the business is not healthy' and flagged weak profit margins as the reason for the overhaul. The total cuts amount to less than 3% of Microsoft's global workforce of about 228,000.

Why It Matters

Microsoft is one of the world's biggest tech employers, and large layoffs there often signal broader caution across the tech industry โ€” including in India, where many companies follow Microsoft's hiring cues.

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