Microsoft to lay off 4,800 employees across Xbox, sales teams

Microsoft has announced plans to lay off 4,800 employees, or 2.1% of its workforce, across the Xbox and sales teams amid AI-driven cost cuts, as per multiple reports. Xbox CEO Asha Sharma told employees in an email that 1,600 jobs will be cut on Monday, while the remaining 1,600 jobs will be cut through the fiscal year 2027, CNBC reported.