Latest development4 months ago
Microsoft Restructures Gaming Unit with 20% Layoffs at Xbox Division
The tech giant reduces its global workforce by 2.1% as it seeks to reset its Xbox operations and improve business efficiency.
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On June 23, Microsoft signed a 20-year power purchase agreement with Chevron to supply 2.67 GW of electricity to its West Texas data centers. The power will be generated from a West Texas natural gas facility known as Project Kilby, with generation expected to start in 2028. On June 24, Microsoft purchased seven gas turbines from GE Vernova to power its new Texas data center project, which is being developed in collaboration with Chevron as part of a $7 billion project. On July 1, Business Insider reported that Microsoft plans to lay off less than 2.5% of its workforce in its latest round of job cuts.
The tech giant reduces its global workforce by 2.1% as it seeks to reset its Xbox operations and improve business efficiency.
Read the full storyThe tech giant is investing $2.5 billion in a new business unit designed to provide comprehensive, versatile AI solutions for enterprises.
Microsoft is preparing to cut less than 2.5% of its workforce in the latest round of layoffs as part of cost-cutting efforts and a focus on AI.
Microsoft secures seven gas turbines from GE Vernova to power a new $7 billion Texas data center developed in partnership with Chevron.
Chevron will supply 2.67 GW of natural gas-derived electricity to Microsoft's West Texas data centers via Project Kilby starting in 2028.