Xbox cuts 3,200 jobs in biggest restructuring in its 25-year history

Microsoft's Xbox gaming division is cutting 3,200 jobs — about 20% of its workforce — in what CEO Asha Sharma called "the most significant restructure" in its 25-year history. The announcement was made on Monday, with 1,600 layoffs taking immediate effect and the rest to follow through fiscal year 2027. Sharma acknowledged that "our business today is not healthy."