Microsoft’s Xbox Division to Cut 3,200 Jobs in Major Restructuring

Plus: Davos founder Klaus Schwab is plotting a return to the World Economic Forum. And Strategy logs a $8.3 billion loss after it sells off Bitcoin. Alex Ossola hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices