Microsoft CEO Satya Nadella said he remains confident in Xbox’s gaming intellectual property and expects a resurgence in the coming fiscal year under Asha Sharma, the CEO of Xbox. He praised efforts to streamline the organization and expand Microsoft’s reach across PCs and Xbox consoles as both a publisher and platform provider. The outlook comes as Microsoft restructures Xbox, including plans to eliminate about 4,800 jobs companywide, with roughly 3,200 cuts at Xbox during fiscal 2027 and 268 roles removed in its latest reset. Microsoft has also changed Game Pass, a subscription gaming service, raised console prices and adjusted its studio structure amid weaker hardware demand, higher component costs and pressure on margins. Microsoft shares were up 6.73% year to date but traded 0.40% lower at $514.08 in Monday’s premarket session.