Microsoft (MSFT.US) is capitalizing on AI computing power and the new Xbox CEO is restructuring the "Microsoft gaming empire".

According to the Securities Times APP, the technology giant Microsoft (MSFT.US) plans to lay off a large number of employees in its massive gaming business unit centered around Xbox next month. The newly appointed CEO of Microsoft's Xbox gaming business unit, Asha Sharma, is restructuring this redundant and increasingly complex electronic gaming business in order to curb the recent decline in revenue and profits.