Microsoft Cuts 3,200 Xbox Jobs, Divests Five Studios After $20B Investment Yields Revenue Decline
Xbox CEO Asha Sharma cited margins 3-10x lower than peers and a 64-cent loss on every dollar invested in studios, calling the division's business "not healthy" in a memo announcing the cuts.
Read the full articleYou might also wanna read
Microsoft's Xbox cuts raise questions about gaming division's future amid AI pivot
Following Xbox’s layoffs and as Microsoft invests much of its resources into everything AI, it seems possible that Microsoft could be prepar
theverge.com·8d ago
Microsoft 'resets' Xbox by cutting 3,200 jobs this year, divesting five game studios — firm cites 'margins that are 3-10x lower than comparable platform and publishing businesses'
Xbox CEO Asha Sharma announced that Microsoft's gaming division will cut 3,200 jobs throughout FY27 and is spinning out studios but not canc
Microsoft's Xbox Division to Cut 3,200 Jobs and Close Four Studios in Major Restructuring
"Our business today is not healthy," Xbox CEO Asha Sharma warned in a memo to staff Monday.
hollywoodreporter.com·10d agoMicrosoft's Xbox Division to Cut 3,200 Jobs and Close Four Studios in Major Restructuring
"Our business today is not healthy," Xbox CEO Asha Sharma warned in a memo to staff Monday.
The Hollywood Reporter·10d agoHow Did Xbox Get Here?
In an effort to save the one-time industry leader, Xbox CEO Asha Sharma on Monday announced 3,200 layoffs and the divestiture of four studio
Microsoft's Xbox Division to Cut 3,200 Jobs and Close Four Studios in Major Restructuring
"Our business today is not healthy," Xbox CEO Asha Sharma warned in a memo to staff Monday.
hollywoodreporter.com·10d ago
Xbox Laying Off 3,200 and Dropping 4 Studios in 'Reset' of Microsoft's Games Strategy
In an email to employees, Xbox CEO Asha Sharma said: "Our business today is not healthy."
Comments
Sign in to join the conversation.
No comments yet. Be the first.