Microsoft's Xbox division is expected to announce major layoffs soon, following significant prior cuts linked to a cost-reduction strategy. After over 1,900 layoffs due to the Activision Blizzard merger and additional cuts, these latest reductions are anticipated alongside the fiscal year's end on June 30. Despite these layoffs, Microsoft has enjoyed considerable financial success, with a reported increase in net revenue and profit. Xbox leadership has indicated the need for these layoffs to remain sustainable, even as they pursue new initiatives in gaming technology.
Microsoft's Xbox division is reportedly facing more layoffs, part of a broader cost-cutting initiative, despite strong revenue growth and profitability.
The reported layoffs could be seen as contradictory to the fact that Microsoft recently posted a net income increase of 18%, suggesting a deeper strategic shift.
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