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Microsoft Cuts 4,800 Jobs as AI Spending Soars and Xbox Undergoes Biggest Overhaul Yet

International Business Times UK — July 07, 2026 at 11:05 AM UTC

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Microsoft Cuts 4,800 Jobs as AI Spending Soars and Xbox Undergoes Biggest Overhaul Yet

Microsoft announces 4,800 job cuts, focusing on Xbox, as part of a major restructuring amid ongoing AI investments. The move affects 2% of its global workforce.