Business
business

Microsoft is planning its fourth major round of Xbox layoffs since January 2024

Microsoft managers are expecting a major round of layoffs at Xbox next week, according to reporting by Bloomberg. The cuts will coincide with the end of the company’s fiscal year.

The layoffs will mark the fourth major round for Xbox since January 2024, when the company cut 1,900 jobs about three months after officially acquiring Activision.

Xbox has reportedly been under pressure to boost profit margins in an industry that’s been dinged by tariffs, increased competition, and expanding budgets.

At the same time, Xbox is shaping its next console generation, which appears to be more closely aligned with Microsoft and PC gaming than ever before.

Sony’s PlayStation has similarly performed layoffs and game cancellations in recent months, along with studios like Electronic Arts.

Xbox has reportedly been under pressure to boost profit margins in an industry that’s been dinged by tariffs, increased competition, and expanding budgets.

At the same time, Xbox is shaping its next console generation, which appears to be more closely aligned with Microsoft and PC gaming than ever before.

Sony’s PlayStation has similarly performed layoffs and game cancellations in recent months, along with studios like Electronic Arts.

More Business

See all Business

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.