Microsoft CEO says Xbox has "the best IP" and "talented studios around the world," is confident it'll "return" to growth after its worst quarter in years amid mass layoffs
Microsoft CEO Satya Nadella expressed confidence in Xbox's future growth despite a recent poor financial quarter and mass layoffs, stating the company possesses "the best IP" and "talented studios." He anticipates a return to growth by fiscal year 2027, emphasizing necessary decisions to reset the business. This comes after Xbox head Asha Sharma admitted the division is currently "unhealthy."
- Entities
- Company: Xbox Game Studios
- Company: Microsoft
- Game: Gears of War
- Person: Satya Nadella
- Topic: Business Strategy
- Topic: Layoffs
- Game: The Elder Scrolls
- Game: Baldur's Gate 3
- Person: Asha Sharma
- Topic: Intellectual Property
- Game: Gears of War: E-Day
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