Microsoft Eyes Fourth Round of Xbox Layoffs Microsoft is also undergoing a fresh wave of job cuts, this time targeting its Xbox division. As per a report by Bloomberg, Xbox managers are preparing for a major round of layoffs next week, marking the fourth such round since 2023. This follows the company's $69 billion acquisition of Activision Blizzard, a move that has since led to intense scrutiny over operational costs. Already, 300+ employees have been let go in June, following another 6,000 layoffs in May. Microsoft is also offering voluntary buyouts across US teams as it aims to finish restructuring before the end of the financial year on June 30. Bumble Slashes 30% of Workforce The dating app Bumble Inc. has confirmed that it will cut 240 employees, roughly 30% of its global headcount, in a strategic move to realign operations. According to a company filing, Bumble plans to save $40 million annually and reinvest those funds into product and technology development.