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Microsoft plans 'substantial' job cuts across Xbox division

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Microsoft is planning another round of cuts at Xbox as part of ongoing reorganization.

This marks the fourth time Microsoft downsized its gaming division in the past 18 months .

The tech giant has been shedding its workforce over the past two years .

Microsoft has been under pressure to increase its profitability after the company's acquisition of Activision Blizzard in 2023 .