Xbox CEO Asha Sharma Announces 3,200 Layoffs by Fiscal 2027

Xbox CEO Asha Sharma announced that Microsoft will lay off 3,200 employees by the end of fiscal 2027. The job cuts are part of the largest restructuring in the company's gaming business.

The layoffs will occur over the next several years as Microsoft reorganizes its Xbox division. The company did not specify which teams or locations would be affected.

The restructuring aims to streamline operations and focus on key growth areas. Microsoft has not disclosed the expected cost savings from the job reductions.

The announcement comes as the gaming industry faces broader challenges, including slower growth and changing consumer habits. Microsoft has been expanding its gaming portfolio through acquisitions and cloud services.