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Phil Spencer

Phil Spencer

Former chief executive, Microsoft Gaming

Appears in 1 story

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Microsoft cuts Xbox jobs and sells off game studios to fund AI

Money Moves

Retired February 2026

Microsoft cut about 4,800 jobs on Monday, most of them in its Xbox gaming division. It also let go of four studios it had spent years buying: Compulsion Games, Double Fine, Ninja Theory, and Undead Labs.

Updated 1 hour ago