Amid Xbox “Reset,” Microsoft Is Having Its Worst Month In 26 Years
Microsoft is experiencing its worst stock performance in 26 years, with shares down approximately 20% in June 2026. This financial downturn coincides with an 'reset' of the Xbox business under CEO Asha Sharma, which is expected to include significant layoffs and studio closures, driven in part by CFO Amy Hood's demands for cost savings. Despite overall revenue growth, high capital expenditures for AI infrastructure and Xbox's low profit margins are impacting investor confidence.
Gamespot
- Entities
- Stock Market
- Microsoft
- Nintendo Switch
- Layoffs
- Xbox
- PlayStation 5
- Studio Closures
- Amy Hood
- Asha Sharma
Original source
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