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Microsoft’s Xbox to Cut 3,200 Jobs, Divest Studios in Overhaul

Microsoft Corp.’s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the process to part ways with a fifth. “Our business today is not…

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Microsoft Corp.’s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the process to part ways with a fifth.
“Our business today is not healthy,” Chief Executive Officer Asha Sharma wrote in a note to staff Monday morning, adding that Xbox is operating at margins three to 10 times lower than comparable businesses. “We must reset Xbox.”
Brody Ford, Bloomberg Technology Reporter, joined Bloomberg’s Paul Sweeney and Scarlet Fu to talk about Microsoft’s XBox layoffs.
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Bloomberg Technology

The Rundown – Anthropic 3Q & CoreWeave Debt Problems

Anthropic 3Q & CoreWeave Debt Problems ——– Like this video? Subscribe to Bloomberg Tech on YouTube:   Watch the latest full episodes of “Bloomberg Tech” with Ed Ludlow here:   Get the latest in tech from Silicon Valley and around the world here: Connect with us on… X: Facebook: Instagram:   Follow Ed Ludlow on…

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Anthropic 3Q & CoreWeave Debt Problems
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Bloomberg Technology

The Hot WatchesTurning Heads atGeneva Watch Days

Step inside Geneva Watch Days, where independent and contemporary watchmakers take centerstage. Allegra Catelli has the highlights. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:   Get the latest in tech from Silicon Valley and around the…

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Step inside Geneva Watch Days, where independent and contemporary watchmakers take centerstage. Allegra Catelli has the highlights.
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Bloomberg Technology

Inside Bloomberg’s New Economy Forum Preparations

What does it take to get the Bloomberg New Economy Forum ready? Haslinda Amin goes behind the scenes in New Delhi as crews prepare the venue for global leaders and discussions on AI, trade, energy and the forces reshaping the world economy. ——– Like this video? Subscribe to Bloomberg Tech on YouTube:   Watch the…

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What does it take to get the Bloomberg New Economy Forum ready? Haslinda Amin goes behind the scenes in New Delhi as crews prepare the venue for global leaders and discussions on AI, trade, energy and the forces reshaping the world economy.
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