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.