Scarlet Fu

New York-based Bloomberg anchor and chief markets correspondent covering business, markets, ETFs, crypto, and financial news across Bloomberg Television, Bloomberg Radio, and digital platforms.

Microsoft Reshapes Xbox Around Margins With 3,200 Job Cuts

Bloomberg Technology reporter Brody Ford says Microsoft’s plan to cut about 20% of Xbox staff and divest several game studios is a margin reset, not a retreat from gaming. Ford frames the overhaul as part of Microsoft’s broader AI-era discipline: Xbox remains a material platform business, but its profitability has lagged comparable businesses while AI infrastructure spending and component costs put more pressure on the division.

Bloomberg TechnologyJul 7, 20266 min read