Microsoft's Xbox Division to Cut 3,200 Jobs and Close Four Studios in Major Restructuring
By
Alex Weprin
Summary
Microsoft's Xbox division is cutting 3,200 jobs and closing four game studios in what CEO Asha Sharma describes as the most significant restructuring in Xbox history. The layoffs will occur over the next year, with approximately 1,600 happening immediately. Sharma acknowledged the business is "not healthy" and that the prolonged restructuring timeline creates additional challenges for employees.
Source
Twitter / XMicrosoft's Xbox Division to Cut 3,200 Jobs and Close Four Studios in Major Restructuringhollywoodreporter.comKey quotes
· 3 pulledI recognize that a year-long restructuring creates additional challenges.
Unfortunately, it is not possible to make all the necessary changes in a single day.
Our business today is not healthy.
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