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Microsoft recently announced mass layoffs affecting 4,800 people, including 3,200 at Xbox, and now US Senator Bernie Sanders (D-VT) has ripped the technology giant for cutting staff at a time when it’s making massive profits.
Posting on social media, Sanders pointed out how Microsoft made more than $100 billion in profit in 2025, with CEO Satya Nadella getting paid $96 million. He also called out how US President Donald Trump’s new tax plan would save Microsoft $12.5 billion.
“Please don’t tell me corporate tax breaks create jobs. It never trickles down,” he said, calling out the Xbox layoffs and the Xbox console price hikes. The latest Xbox console price hike brings the Series X up to a whopping $800.
https://twitter.com/SenSanders/status/2074202502996582817
For the fiscal year that Sanders is referring to, Microsoft made $101.8 billion in profit (up 16%) on revenue of $281.7 billion (up 15%). Microsoft overall may have done well financially during the year, but Xbox was in a rougher spot, if commentary from Xbox CEO Asha Sharma is to be believed.
She has said the Xbox business is “not healthy” and that a variety of bets made by previous leaders Phil Spencer and Sarah
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