"We have found ourselves over extended", new Xbox CEO says amid reports of plans for major job cuts
New Xbox CEO Asha Sharma and head of Xbox Game Studios Matt Booty are reportedly planning significant job cuts across the gaming division. Sharma cited declining revenues despite substantial investments and rising component costs as reasons for a business 'reset'. The planned layoffs follow Microsoft's acquisition of Activision Blizzard King and come amid reports of internal questioning regarding the company's broad strategy and complex infrastructure.
- Entities
- Company: Xbox Game Studios
- Person: Bobby Kotick
- Company: Microsoft
- Game: Halo
- Game: Gears of War
- Topic: Business Strategy
- Game: Hi-Fi Rush
- Topic: Layoffs
- Company: Activision Blizzard
- Company: Xbox
- Person: Matt Booty
- Topic: Mergers and Acquisitions
- Game: Perfect Dark
- Game: Everwild
- Topic: Game Development
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