Microsoft lays off nearly 5K workers, most of them at Xbox:  ‘Our business today is not healthy’

Source: New York Post

Microsoft is axing 4,800 employees, most of them from its Xbox division, as it and the rest of the tech industry seek to adapt to the AI era. The cuts come as the software giant has heavily invested in artificial intelligence after years of pouring cash into gaming. “Our business is changing because the world around it is changing.