Microsoft's Xbox Plans Large-Scale Layoffs Next Month, Profit Margin at 3%

According to Bloomberg on June 10, Microsoft's Xbox division plans major layoffs and budget cuts next month. The move comes as new Xbox Chief Asha Sharma seeks to rebuild the platform. Internal communications revealed Xbox's profit margin has dropped to just 3%, despite the company investing over $20 billion in gaming content, platform infrastructure, and hardware subsidies over the past five years.
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