Xbox to cut 3200 jobs in the new financial year
Microsoft's Xbox division is undergoing its most significant restructure in history, with approximately 3,200 jobs being cut over the next fiscal year, including 1,600 immediately. Five game development studios are also departing, with Double Fine and Compulsion Games becoming independent, while Ninja Theory, Undead Labs, and Arkane Studios are in various stages of negotiation or consultation for new ownership. Xbox CEO Asha Sharma cited unhealthy business margins and a strategic shift towards AI investment as reasons for the cuts.
- Entities
- Topic: Company Restructuring
- Company: Microsoft
- Company: Ninja Theory
- Topic: Artificial Intelligence
- Topic: Layoffs
- Company: Compulsion Games
- Company: DoubleFine
- Company: Undead Labs
- Company: Xbox
- Company: Arkane Studios
- Person: Asha Sharma
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