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Xbox Cuts 3,200 Jobs to Reset Strategy | Dallas News
Description
Microsoft’s Xbox is hitting the brakes: 3,200 jobs cut, 1,600 gone immediately, as four studios get spun off. CEO Asha Sharma admits the business is underperforming—profit margins 3 to 10x lower than rivals—and big bets like Game Pass and cross-platform expansion haven’t delivered the growth needed. With the gaming hardware market in a slump, Xbox is taking a hard reset, even after raising console prices in June to offset soaring component costs.
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