{"id":2913,"date":"2026-07-06T20:45:30","date_gmt":"2026-07-06T20:45:30","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=2913"},"modified":"2026-07-06T20:45:30","modified_gmt":"2026-07-06T20:45:30","slug":"our-business-today-is-not-healthy-1600-xbox-employees-among-the-4800-laid-off-by-microsoft-as-it-looks-to-reset-gaming-division","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=2913","title":{"rendered":"\u2018Our business today is not healthy\u2019: 1,600 Xbox employees among the 4,800 laid off by Microsoft as it looks to \u2018reset\u2019 gaming division"},"content":{"rendered":"
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The layoffs included 1,600 Xbox workers, with more to come this year in a broader reorganization designed to \u201creset\u201d Xbox as it faces heightened competition, the company said Monday.<\/p>\n

Read more \u2018All I did was ask for a review\u2019: Trump denies demanding FIFA for a review of Folarin Balogun\u2019s World Cup red card<\/a><\/p>\n

\u201cOur business today is not healthy,\u201d said a memo from Xbox CEO Asha Sharma, who took over the gaming division earlier this year. \u201cWe are operating at margins that are 3-10x lower than comparable platform and publishing businesses.\u201d<\/p>\n

Read more Babylist CEO: The Trump Accounts gold rush is overlooking moms<\/a><\/p>\n

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Sharma said the industry, in which Xbox competes with Sony\u2019s PlayStation and Nintendo\u2019s Switch, is facing a severe \u201chardware crisis\u201d as costs soar for console components.<\/p>\n

Read more Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree\u2014and she says \u2018respect went up\u2019 because of it<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A third of Microsoft’s global layoffs were Xbox employee as the company reduced its workforce by 2.1% globally.<\/p>\n","protected":false},"author":1,"featured_media":2912,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92],"tags":[],"class_list":["post-2913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-microsoft"],"yoast_head":"\n\u2018Our business today is not healthy\u2019: 1,600 Xbox employees among the 4,800 laid off by Microsoft as it looks to \u2018reset\u2019 gaming division - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=2913\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Our business today is not healthy\u2019: 1,600 Xbox employees among the 4,800 laid off by Microsoft as it looks to \u2018reset\u2019 gaming division - 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