[BIG TECH]■ STORY TIMELINE
MICROSOFT CUTS 3,200 XBOX JOBS, SHUTS FOUR STUDIOS
Microsoft announced sweeping layoffs across its Xbox division, eliminating 1,600 positions immediately with another 1,600 cuts planned next fiscal year. The company is also closing four game studios as Xbox leadership acknowledges the business is "not healthy."
The Verge+0m
This week, Microsoft took a huge ax to its Xbox business. The company announced that it would be laying off 1,600 worker…