Microsoft plans to cut 9,000 jobs and cancel major Xbox projects in restructuring

From Nasdaq: 2025-07-02 18:28:00

Microsoft is planning to lay off 9,000 employees, less than 4% of its workforce, in a restructuring effort. This is part of the company’s strategy to streamline operations and improve efficiency. The layoffs will affect various business units and regions. Despite the cuts, Microsoft remains financially strong, reporting $26 billion in net income on $70 billion in revenue in the March quarter. The tech giant expects 14% revenue growth in the June quarter. The company is focusing on its strategic growth areas like Azure cloud services and productivity software, despite trimming management layers.



Read more at Nasdaq: Microsoft To Cut 9,000 Jobs; To Cancel Major Xbox Projects In Sweeping Restructuring