Microsoft is reducing its global workforce by nearly 4%. Gaming is among the departments affected, and as a result, Xbox has abandoned games like Everwild and Perfect Dark.

Microsoft Corp.’s gaming division began informing employees of job cuts on Wednesday morning, initiating the process of widespread layoffs that staff have been expecting for the last week.Microsoft’s Stockholm-based King division,

The staggering costs of its AI investments threaten the tech giant's margins, prompting cost-cutting measures.