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Games & Commerce

Xbox CEO rules out sale report

Microsoft has formally denied reports that it is seeking to sell Xbox as the gaming business undergoes major restructuring. Xbox Chief Executive Asha Sharma said in an interview that Xbox is not on the market, and that the company will take steps needed to put the business on a successful track while reviewing partnerships and operating models. The reports spread after media said Microsoft had discussed a spinoff or a more independent structure, but no official sale plan has been announced.

AI & Enterprise

Microsoft cuts 4,800 jobs, scales back Xbox unit and splits off four game studios

Microsoft is cutting 4,800 jobs and reducing staffing at its Xbox division by about 20 percent, CNBC reported on Sunday. The layoffs amount to 2.1 percent of the company’s workforce, and Microsoft said the restructuring is aimed at reducing costs during the transition to AI. Xbox CEO Asha Sharma told employees the unit plans to cut 3,200 roles by fiscal 2027. Microsoft will also separate four game studios.

AI & Enterprise

AI investment drives up electronic component prices, pushing up IT device costs

Prices for electronic components such as memory and storage devices are rising, adding to pressure to raise prices for products including iPhones, Xbox consoles, PCs and TVs. Business Insider reported that companies are warning higher costs driven by AI firms buying up semiconductors and key components could be passed on to consumers. Apple CEO Tim Cook said iPhone price increases are inevitable, while Xbox executives cited sharp rises in storage and memory costs.