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Microsoft (MSFT) Faces Xbox Shakeup as Layoffs and Strategy Pivot Loom

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The Story

News Summary

  • Microsoft's Xbox division faces significant restructuring under new CEO Asha Sharma, including upcoming layoffs and budget cuts.
  • Following years of high spending and declining revenue, the company is pivoting toward more disciplined hardware strategies and restricted game exclusives to stabilize the struggling gaming business unit.
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