Xbox CEO is reportedly planning three more rounds of layoffs
Summary
Xbox chief executive Asha Sharma reportedly intends to implement three additional waves of staff reductions in the coming months. These upcoming cuts follow previous workforce reductions that took place earlier this year as part of an ongoing corporate restructuring at Microsoft.
Xbox CEO Asha Sharma is planning new rounds of layoffs for sometime this month, November, and January, according to Fortune. In July, as part of an organizational "reset," Sharma announced planned layoffs affecting 3,200 staffers over the course of Microsoft's 2027 fiscal year, including 1,600 cuts at that time, and in September, Microsoft laid off around 260 employees. Sharma's changes…
Source: Read the full story at The Verge
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.