Microsoft Cuts 4,800 Jobs Globally, Xbox Division Hit Hardest
Microsoft announced a global workforce reduction of approximately 4,800 jobs, representing about 2.1% of its total employees. The Xbox division is the most affected, losing around 20% of its staff. This move follows a significant decline in Microsoft's stock price, which fell 19% by the close of trading last Friday, marking it as the weakest performer among major tech companies in 2026. Amy Coleman, Microsoft's Chief Human Resources Officer, addressed employees stating that artificial intelligence is not replacing the laid-off workers but emphasized that AI is changing how work is done, urging employees to continue learning and developing new skills.
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