Microsoft CEO Satya Nadella says streamers playing Xbox games make more money than the 25-year-old gaming company.

Microsoft is laying off 4,800 employees, or 2.1% of its global workforce, in a major restructuring that heavily impacts its Xbox gaming division and studios.

Oracle has cut about 21,000 jobs as AI adoption and restructuring shrink the workforce 13%, highlighting a wider tech layoffs wave across global companies in 2026.

Microsoft is laying off 4,800 employees, restructuring Xbox, spinning off gaming studios, and reshaping operations as the company says AI-driven workplace changes continue across the business.

Microsoft will cut around 4,800 jobs, representing about 2.1% of its global workforce, as part of a wider restructuring plan.

Oracle's total workforce declined 13%, or about 21 000 employees, last year, partly driven by the adoption of AI.

The brokerage’s job cuts affect about 290 roles.

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting ...