06:23
2026-07-07
ibtimes.co.uk
ai-policy
Microsoft's $69 Billion Xbox Gamble Ends in 3,200 Job Cuts as Five Studios Face Axe
Microsoft is cutting 3,200 Xbox jobs and spinning off five gaming studios after a $69 billion Activision Blizzard acquisition and $20 billion in expansion failed to generate growth, Xbox CEO Asha Shar…