Xbox Reportedly Planning Big Layoffs For Next Month
Microsoft's Xbox division is reportedly planning significant layoffs after June 30, following statements from new CEO Asha Sharma about the business's financial health. Sharma cited declining revenue, increased hardware component costs, and strategic overextension as reasons for the impending cuts. These layoffs come after a period of studio expansion under previous leadership.
- Entities
- Company: Microsoft
- Company: Ninja Theory
- Topic: Artificial Intelligence
- Topic: Business
- Topic: Layoffs
- Company: Compulsion Games
- Company: Activision Blizzard
- Company: Bethesda
- Topic: Hardware
- Company: Undead Labs
- Company: Xbox
- Person: Asha Sharma
- Person: Phil Spencer
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