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Xbox sees significant layoffs as CEO plans overhaul

June 12, 2026

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Mint Kolkata

Microsoft Corp.’s Xbox division is planning major job cuts next month as new chief executive officer (CEO) Asha Sharma overhauls the video game unit to stem declining revenue.

Xbox sees significant layoffs as CEO plans overhaul

The layoffs, the exact scale of which is not yet clear, are expected shortly after the close of Microsoft’s fiscal year on 30 June, according to people familiar with the company’s strategy, who asked not to be identified because they’re not authorized to speak to the press. Xbox is also planning to significantly slash budgets for marketing and some other areas of the business, the people said.

المزيد من القصص من Mint Kolkata

Mint Kolkata

Peace rally lifts markets after a turbulent week

As crude slips below $90, buyers who had stayed away during the week, stream in

time to read

3 mins

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Mint Kolkata

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The AI price war is here, piling pressure on OpenAI and Anthropic

The AI price war has begun. Big companies and startups, chafing at rapidly escalating artificial intelligence costs, are increasingly turning to tools that tap into cheaper AI models, including some from China.

time to read

4 mins

June 13, 2026

Mint Kolkata

Mint Kolkata

Centre to charge up EV infra on 74 key highways

The Centre has asked state governments and the National Highways Authority of India (NHAI) to fast-track electric vehicle (EV) charging infrastructure across 74 priority highway corridors, according to two people aware of the development and a document reviewed by Mint.

time to read

2 mins

June 13, 2026

Mint Kolkata

Mint Kolkata

Top of the world, centre of a crisis

The Arctic Circle had seemed extremely remote and no more than a curiosity until I came across British filmmaker Temujin Doran's documentary, North, about a decade ago.

time to read

1 mins

June 13, 2026

Mint Kolkata

Mint Kolkata

In Kashmir, a village wades in to clean a spring

Amid disappearing water bodies, every year residents of this village clean a spring-fed lake, following an age-old tradition

time to read

4 mins

June 13, 2026

Mint Kolkata

Mint Kolkata

Retail diesel curbs may affect farmers during kharif season

The government's decision to restrict diesel sales at retail fuel stations and cap purchases at 200 litres per customer or vehicle a day could pose challenges for farmers during the kharif season, particularly in regions reliant on irrigation pumps and farm machinery.

time to read

1 mins

June 13, 2026

Mint Kolkata

Mint Kolkata

Decoding the mystery of Mount Kailash

In his award-winning new book, historian Alex McKay sets out to map the spiritual and scientific origins of the mountain sacred to Buddhists and Hindus alike

time to read

6 mins

June 13, 2026

Mint Kolkata

Mint Kolkata

US cyber security giants woo India’s small businesses

America’s top cybersecurity firms are shifting their focus toward small Indian businesses that rely heavily on data and the internet.

time to read

2 mins

June 13, 2026

Mint Kolkata

Mint Kolkata

A divided World Cup tests Asia, Africa teams

Geopolitical tensions and visa hurdles challenge Asian and African teams chasing football World Cup glory

time to read

5 mins

June 13, 2026

Mint Kolkata

Mint Kolkata

Food fans retail inflation to 3.93%, just shy of RBI goal

India’s retail inflation climbed to 3.93% in May from 3.48% in April, even as policymakers and experts foresee prices firming up further in the coming months.

time to read

2 mins

June 13, 2026

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