Xbox lays off 3,200 employees, cites industry-wide hardware crisis
By
Drew Gillis
Summary
Microsoft's Xbox division is laying off 3,200 employees, with 1,600 let go immediately and another 1,600 to follow within the year. A memo from CEO Asha Sharma titled "Resetting XBOX" cites general slow growth and acknowledges that the gaming industry is facing "the most severe hardware crisis in its history" as contributing factors to the job cuts.
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Key quotes
· 1 pulledthe industry … facing the most severe hardware crisis in its history
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