Report: Xbox Layoffs and Studio Closures Loom After CEO Warns Profit Margins Unsustainable
By
Tom Phillips
Summary
A new report indicates that Xbox is facing significant layoffs and potential studio closures following Xbox CEO Asha Sharma's warning that the console maker's slim profit margins are unsustainable. Studios reportedly affected include Compulsion Games (South of Midnight), Double Fine (Psychonauts 2), and Ninja Theory (Hellblade). The report suggests developers are being unfairly punished for following Microsoft's strategic orders, with the situation described as a potential "bloodbath" of job losses across Xbox's development teams.
Source
bskyReport: Xbox Layoffs and Studio Closures Loom After CEO Warns Profit Margins Unsustainablebit.lyKey quotes
· 3 pulledWord of Xbox staff redundancies and development studio shutdowns is now rife
Xbox studios such as South of Midnight maker Compulsion Games, Kiln and Keeper developer Double Fine, and Hellblade helmer Ninja Theory are just some of the teams now facing
newly-installed Xbox CEO Asha Sharma that the console maker's slim profit margin was no longer sustainable
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