Microsoft announces 4,800 job cuts, half affecting Xbox division

Microsoft announced a reduction of its global workforce by 4,800 employees. Approximately half of the cuts will come from the Xbox division. The decision follows a broader effort to streamline operations. The company said the moves are intended to align resources with strategic priorities. Affected employees will receive severance and transition support. The Xbox unit will also undergo a reorganization of its studio portfolio. Analysts view the cuts as a response to recent market pressures. Microsoft plans to continue investing in core growth areas despite the reductions.