India, July 7 -- Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business. The layoffs included 1,600 Xbox workers, with more to come this year in a broader reorganization designed to "reset" Xbox as it faces heightened competition, the company said on Monday. "Our business today is not healthy," said a memo from Xbox CEO Asha Sharma. Sharma said the industry is facing a severe "hardware crisis" as costs soar for console components. The Xbox cuts are in addition to broader layoffs that the software giant's chief people officer Amy Coleman tied to unspecified changes in customer needs.ap
Published by HT Digital Content Services with permission from Hindustan Tim...