00:02American tech giant Microsoft announced Monday it is set to cut about 4,800 jobs,
00:09which represents approximately 2% of its workforce across the world.
00:13The multinational has been through multiple mass layoffs as it invests massively in the artificial intelligence race.
00:21Amy Coleman, Microsoft's executive vice president, said employees dismissed would not be replaced by AI,
00:28although automation is changing work within the company.
00:31Xbox, Microsoft's video game and digital entertainment division faces the deepest overhaul in its history.
00:39Xbox CEO Asha Sharma announced 3,200 positions would be terminated by the next fiscal year with 1,600 immediate
00:48layoffs.
00:49Our business today is not healthy, Sharma said on Monday, stressing the companies operating at margin
00:55that are 3 to 10 times lower than other platforms.
00:58Xbox is set to lose 4 studios.
01:01While Compulsion Games and Double Fine Productions are set to transition to independent studios,
01:07Ninja Theory and Undead Labs have entered terms to join new ownership.
01:12In France, Arkane's management is beginning the mandatory consultation with its work council to explore potential options.
01:22The
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