India, July 8 -- Microsoft (MSFT) Xbox division is gearing up for its biggest restructuring yet, planning to cut around 3,200 jobs during fiscal 2027, with about 1,600 of those coming right away.
This shake-up will also involve the potential spin-off or sale of several game studios, a move to streamline management, and a shift in focus towards the company's top gaming franchises.
In a memo sent internally, Xbox leaders pointed out that their business has been running with profit margins that are three to ten times lower than those of similar platforms and publishing companies. They mentioned that growth for Game Pass and multi-platform projects has been slower than hoped, alongside a struggling core business, all while facing what they de...