XBOX RESTRUCTURING PLANS
YouTube earns more from Xbox games than Microsoft: CEO Satya Nadella
Microsoft CEO Satya Nadella said that YouTube generates more revenue from Xbox games than Microsoft itself, highlighting a struggle to monetise its gaming division despite significant investment. This comes as Bloomberg reported last week that Xbox is planning major layoffs next month, along with significant reductions to marketing and other budgets.
Microsoft has considered spinning off Xbox: Report
Microsoft is exploring significant changes for its Xbox gaming division. Options include a potential spinoff or restructuring as a wholly owned subsidiary. The company is also considering joint ventures. These moves aim to make the gaming business more attractive for potential sale. New leadership plans increased spending on top game franchises. Major layoffs and budget cuts are also anticipated.
VCs turn the screws; Ex-Paisabazaar CEO’s new bet
Happy Friday! Investors are rewriting the rules of engagement with founders after governance blowups. This and more in today’s ETtech Morning Dispatch.
Fable 5's cost challenge; Opendoor's India exit
Anthropic's Fable 5 could rewrite how IT works, but the price tag and performance quirks raise hard questions. This and more in today’s ETtech Top 5.
Microsoft's Xbox plans for major layoffs next month: Report
The job cuts would mark the first major restructuring under Asha Sharma, who took charge as CEO of the gaming unit in February.
Will the PS6 and Next-Gen Xbox be delayed after the GTA 6 postponement? What we know about the latest release timelines
The newest GTA 6 delay, marking the second pushback for the much-anticipated release, follows reports that Rockstar has cut between 30 and 40 positions across its UK and Canadian studios.
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Major companies announce massive layoffs in 2025 amid AI transformation and economic restructuring: Intel, Meta, Starbucks among many
Major companies like Intel, Microsoft, and Amazon are cutting thousands of jobs. This wave of layoffs is driven by AI adoption and economic challenges. Companies are restructuring to focus on future growth areas. This transformation is reshaping the global job market significantly. Many firms are reallocating resources towards technological advancements.
Microsoft layoffs: Xbox faces turbulence - up to 2,000 jobs on the line as studio shutdowns loom
Microsoft is reportedly planning significant layoffs within its Xbox division, potentially impacting up to 2,000 employees. This organizational restructuring has developers on edge, with rumors circulating about entire studios being shuttered. The gaming industry is bracing for potentially deep cuts, adding to the anxiety following previous layoffs earlier this year.
Microsoft Layoffs: Game over for Xbox jobs? Microsoft hits layoff button again, as staff braces for fourth layoff in 18 months
Microsoft Xbox Layoff News: Microsoft is preparing for another major round of layoffs in its Xbox gaming and sales divisions, marking the fourth such cut in just 18 months. This move comes amid continued pressure to increase profits after the $69 billion Activision Blizzard acquisition. The restructuring coincides with Microsoft’s fiscal year-end and reflects a wider trend across the tech sector. As AI investment soars, companies like Microsoft, Google, IBM, and Amazon are reshaping their workforce to align with shifting priorities and economic uncertainty.
Microsoft layoffs 2025: This division may be hit next week after 6,000 already laid off in May
The company is reportedly planning substantial job cuts in its Xbox gaming division, along with other areas like sales and distribution, especially in Central Europe. These layoffs follow earlier rounds that have already impacted over 10,000 employees across Activision Blizzard, HoloLens, and cloud units.
Why Microsoft layoffs across Satya Nadella-led company won't bring a change in total headcount
Microsoft Layoffs: Microsoft is preparing to fire more employees. The company has confirmed that this move will primarily target underperforming employees. But despite the layoffs, there won't be a significant change in total headcount in Satya Nadella-led company. In 2023, the company reduced its workforce by approximately 10,000 roles, equivalent to 5% of its global workforce.
Tech layoffs in 2024: The year that saw big tech job cuts surge
Industry giants such as Microsoft, Google and Apple were at the forefront of this trend. Google reduced top management roles by 10% as part of a broader push to double efficiency. Microsoft cut 1,900 jobs in January at Activision Blizzard and Xbox, representing about 8% of its Gaming division.
From Microsoft to IBM: Tech layoffs cross 1 lakh mark as companies brace for more cuts ahead
The second half of 2024 saw continued layoffs across the tech sector, with major companies like IBM, Cisco, and Microsoft significantly reducing their workforces. The ongoing restructuring and cost-cutting measures, prompted by economic challenges, are impacting both large corporations and smaller startups. Despite these layoffs, projections for the IT services sector in FY25 show a promising rebound in fresher hiring.
Layoffs pile up in US, Canada as companies uncertain of economy
As job cuts persist in 2024 across the U.S. and Canada, sectors including technology, automakers, media, and financial services are heavily affected. Key companies like Amazon, Alphabet, Intel, and Tesla are making significant reductions to manage costs amid economic fluctuations. This trend highlights ongoing uncertainties in the market despite easing recession fears.
Microsoft to lay off about 1,500 employees at Azure cloud unit: report
Microsoft is cutting hundreds of jobs at its Azure cloud unit, impacting teams like Azure for Operators and Mission Engineering, as reported by Business Insider.
Layoffs in 2023: Microsoft, Cognizant, Accenture among latest firms to cut jobs amid economic turmoil
The layoff wave has swept not only startups and mid-sized firms, but also big tech companies such as Amazon, Microsoft, and Google parent Alphabet, among others.
There's one glaring flaw in Microsoft's Windows 10 strategy
Microsoft says it expects a billion active Windows 10 users, across the full spectrum of devices, within the next two or three years.
Microsoft CEO Satya Nadella just laid out the company's new mission in an email to all employees
Nadella has sent out a company-wide email on Thursday, laying out the future vision and direction of the company moving forward.
Microsoft soon to announce biggest job cuts in 5 years
The company had 127,104 employees as of June 5, after adding about 30,000 in its acquisition of Nokia's handset unit.
Microsoft India splits consumer & online ad businesses
To bring a sharper focus to its growing online business and align it with the firm’s global strategy, MS India has split the consumer and online advertising businesses.
Microsoft plans iPod killer
Microsoft is developing a music and video device to compete with Apple’s iPod and creating its own music service to rival Apple’s iTunes, sources familiar with the plans said.
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