Xbox announces business 'reset' amid reports of layoffs and studio closures
Xbox CEO Asha Sharma announced a business 'reset' for Microsoft's gaming division, signaling significant layoffs and potential studio closures following years of declining revenue. The memo cites a substantial increase in component costs for hardware and memory, exacerbated by past expansion choices, as a major challenge. Sharma and Xbox content chief Matt Booty aim to revive the company by evolving its business model and partnerships over the next 100 days.
Gamedeveloper.com
- Entities
- Component Shortage
- Xbox Game Studios
- Microsoft
- Business Strategy
- Layoffs
- Activision Blizzard
- ZeniMax
- Xbox
- Matt Booty
- Studio Closures
- Asha Sharma
Original source
This article was reported and published by Gamedeveloper.com. feed.gg links to it as part of a story cluster — full text, images and rights remain with the publisher.