First reported by Variety
Xbox to Lay Off 3,200 Employees and Sell Four Studios in Major Restructure
Microsoft's Xbox Division to Cut 3,200 Jobs and Close Four Studios in Major Restructuring
By
Alex Weprin
3h ago· 3 min readenNews
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 1,600 happening immediately and the remainder phased in. Sharma acknowledged the business is "not healthy" and that the prolonged restructuring creates additional challenges for staff.
Source
The Hollywood ReporterMicrosoft'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 si
Our business today is not healthy.
"Our business today is not healthy," Xbox CEO Asha Sharma warned in a memo to staff Monday.
You might also wanna read
Xbox to Lay Off 3,200 Workers, Close Four Studios in Major Restructure
Microsoft's Xbox division is laying off 3,200 workers (20% of staff) as part of the "most significant restructure" in its 25-year history. C
Deadline·2h agoXbox to Lay Off 3,200 Workers, Close Four Studios in Major Restructure
Microsoft's Xbox division is laying off 3,200 workers (20% of staff) as part of the "most significant restructure" in its 25-year history. C
deadline.com·2h ago
Microsoft Splits With 4 Xbox Game Studios, Will Lay Off 3,200 Employees
PCMag·2h ago
Microsoft 'resets' Xbox by cutting 3,200 jobs this year, divesting five game studios — firm cites 'margins that are 3-10x lower than comparable platform and publishing businesses'
Tom's Hardware·1h ago
The Most Significant Restructure in Xbox History: Live Report
IGN·1h ago
The Most Significant Restructure in Xbox History: Live Report
IGN·1h ago
The Most Significant Restructure in Xbox History: Live Report
IGN·1h ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.