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First reported by Variety
Xbox to Lay Off 3,200 Employees and Sell Four Studios in Major Restructure

Xbox lays off 3,200 employees, cites industry-wide hardware crisis

By

Drew Gillis

16h ago· 2 min readenNews

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.

Source

The A.V. ClubXbox lays off 3,200 employees, cites industry-wide hardware crisisavclub.com

Key quotes

· 1 pulled
the industry … facing the most severe hardware crisis in its history
Snippet from the RSS feed
Xbox cuts 3,200 jobs while acknowledging "severe hardware crisis"

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