REDMOND, Wash. (AP) \u2014 Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business.<\/p>\n
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
\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
Sharma said the industry, in which Xbox competes with Sony’s PlayStation and Nintendo’s Switch, is facing a severe \u201chardware crisis\u201d as costs soar for console components.<\/p>\n","protected":false},"excerpt":{"rendered":"REDMOND, Wash. (AP) \u2014 Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large…\n","protected":false},"author":2,"featured_media":362763,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[128646,23681,59373,87517,84874,59371,84875,59372,86084,82,84,83,128645],"class_list":["post-362762","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-antonio","tag-asha-sharma","tag-package-100024-ap-online","tag-package-100373-mc-complete-state-national","tag-product-30119-ap-washington-state-news-no-weather","tag-product-30597-ap-business-news-f-wire","tag-product-30598-ap-national-news-report-a-wire","tag-product-31995-ap-online-general-financial-business-news","tag-product-31998-ap-online-national-news","tag-product-32005-ap-online-high-tech-news","tag-san-antonio","tag-san-antonio-headlines","tag-san-antonio-news","tag-xbox-layoffs-microsoft-sharma"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/362762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=362762"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/362762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/362763"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=362762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=362762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=362762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}