Microsoft Lays Off Nearly 5K Employees Across Xbox, Commercial Sales (techcrunch.com)

Source: https://blogs.microsoft.com/blog/2026/07/06/the-latest-in-ou...

Xbox division post: https://news.xbox.com/en-us/2026/07/06/resetting-xbox/ (https://news.ycombinator.com/item?id=48804993

M$ setting the tone early on their new fiscal year.