First reported by Variety
Xbox to Lay Off 3,200 Employees and Sell Four Studios in Major Restructure
Xbox Confirms 3,200 Layoffs and Four Studio Departures in Corporate Restructuring
By
Nintendo Life
9h ago· 3 min readenNews
Summary
Xbox has confirmed massive layoffs affecting 3,200 employees as part of a major corporate 'reset'. Half of the redundancies (1,600) take effect immediately, with the remaining 1,600 occurring over the next 12 months. Four studios are being let go from the business, though none face total closure. Double Fine and Compulsion Games will regain their independence and retain their IPs, with Xbox providing financial runway for their next projects.
Source
bskyXbox Confirms 3,200 Layoffs and Four Studio Departures in Corporate Restructuringnintendolife.comKey quotes
· 3 pulledXbox has confirmed that 3,200 employees will be made redundant as part of its big 'reset'
1,600 employees will be let go today, with another 1,600 within the next 12 months.
Double Fine (Psychonauts 2, Keeper) and Compulsion Games (South of Midnight, We Happy Few) will regain their independence and retain their IP, with Xbox providing 'runway for their next games'.
Fortunately, no closures announced
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