Microsoft lays off 1,600 Xbox employees and spins off four game studios in major gaming restructuring
By
Tom Warren
Summary
Microsoft is laying off approximately 4,800 employees, with over 30% of cuts hitting the Xbox division (around 1,600 jobs). As part of a major gaming restructuring described as an Xbox "reset," Microsoft is spinning off four game studios — Double Fine, Compulsion Games, Ninja Theory, and Undead Labs — to operate independently. The cuts are expected to continue, with plans to eliminate roughly 20% of Xbox positions by the end of the financial year.
Source
Twitter / XMicrosoft lays off 1,600 Xbox employees and spins off four game studios in major gaming restructuringtheverge.comKey quotes
· 3 pulledThe significant gaming cuts will affect nearly every part of Xbox and also involve four game studios being spun off to be run independently from Microsoft.
Today's layoffs, which are being described as an Xbox 'reset' moment, will impact around 1,600 Xbox employees, according to an internal memo from Xbox CEO Asha Sharma.
The cuts won't end today, though, as Microsoft is planning to eliminate a total of around 20 percent of Xbox jobs by the end of the financial year.
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