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Xbox boss Asha Sharma says "we will not survive" without "enduring new IP," despite being in the middle of laying off 3,200 employees and parting ways with numerous studios

Xbox CEO Asha Sharma stated that the company "will not survive" without creating new, enduring intellectual property, despite ongoing restructuring that includes 3,200 layoffs and several studios becoming independent or having projects canceled. Sharma emphasized the need for invention and reaching new audiences, while also acknowledging the importance of backing strong franchises. The company is set to publish Hideo Kojima's upcoming games OD and Physint.

Article tone: Very negative
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