Microsoft to cut 1,000 Xbox jobs as new CEO orders a reset

Microsoft announced a reduction of approximately 1,000 positions within its Xbox gaming division. The layoffs are part of a broader restructuring effort led by the newly appointed Xbox CEO. The CEO described the move as a necessary “reset” to align the business with market realities. Affected staff will receive severance packages and support services. The decision follows a period of slower console sales and increased competition. Microsoft aims to refocus resources on cloud gaming and subscription services. Analysts expect the cuts to improve profitability and streamline development pipelines. The company will monitor the impact and adjust its strategy as the gaming market evolves.