Microsoft cutting 4,800 jobs globally, with Australian staff impacted. Xbox division hit hard - 1,600 laid off immediately, studios being divested. AI spending is the real story here though - $190 billion projected for 2026, and they're feeling the pressure to show returns. #Microsoft #Layoffs #Xbox #AI #TechNews https://www.abc.net.au/news/2026-07-07/microsoft-job-cuts-australian-roles-hit-xbox-overhaul-ai/106887570
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