00:00Microsoft is cutting roughly 2.1 percent of its global workforce, affecting thousands
00:05of employees across several divisions, with its Xbox business facing some of the biggest
00:10changes.
00:11The company is reportedly considering spinning off or restructuring certain game studios
00:16as it refocuses resources and continues its massive investment in artificial intelligence.
00:22The layoffs are the latest in a string of cost-cutting measures across the tech industry, where companies
00:27are increasingly balancing AI ambitions with workforce reductions.
00:32Microsoft says the changes are part of adapting to evolving customer needs and long-term business
00:37priorities.
