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Microsoft Xbox Layoffs and Industry Shifts | Los Angeles News
Description
Microsoft is slashing nearly 5,000 jobs, including a major hit to Xbox, as CEO Asha Sharma cites shrinking margins, soaring hardware costs, and an industry-wide “hardware crisis.” This follows a voluntary buyout program where over 30% of eligible employees retired, signaling a broader corporate reset to stay competitive. With Xbox studios set for spin-offs and tech giants globally adjusting to AI and funding shifts, the ripple effects are hitting thousands — a stark reminder that even giants face brutal economic realities.
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