Report: Microsoft plans to cut 9,000 jobs
Microsoft plans to kick off its new fiscal year by laying off 9,000 workers, according to a report from CNBC. The report said that the cuts will be spread across multiple regions, teams, and experience levels.
It appears that the company’s Xbox division will be hit hard by the layoffs. Bloomberg reports that Microsoft started informing workers Wednesday morning, and its “Candy Crush” studio, King, will be cutting about 200 jobs, or 10% of the Stockholm-based company.
The layoffs were expected by managers and mark the fourth round of cuts since January 2024. Microsoft executives have been pushing the Xbox division, which continues to face stiff competition and high R&D costs, to improve profit margins.
Shares were down slightly in early trading.
The layoffs were expected by managers and mark the fourth round of cuts since January 2024. Microsoft executives have been pushing the Xbox division, which continues to face stiff competition and high R&D costs, to improve profit margins.
Shares were down slightly in early trading.
