Microsoft will cut about 4,800 jobs from its Xbox gaming division as it restructures the struggling business. The software giant recently put a young Indian executive in charge of Xbox who has no experience with the video game industry.
CNBC reports that the company will lay off 1,600 people from its gaming business this week and 1,250 more during the rest of the fiscal year that began this month, Xbox Chief Executive Asha Sharma said in a memo to staff Monday. In addition, Microsoft is selling or spinning off four game development studios and exploring strategic options for a fifth. These moves will take at least 350 additional people off…
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