XBOX to Suffer Layoffs to Counter Falling Revenue in July – Rumor
A report from Bloomberg's Jason Schreier suggests that Xbox is planning significant layoffs in July as part of CEO Asha Sharma's strategy to address falling revenue. The company has reportedly seen a nearly half-billion dollar decline in annual revenue over the past five years, excluding Activision Blizzard King. Alongside layoffs, budgets for marketing and other areas are expected to be reduced.
- Entities
- Company: Microsoft
- Topic: Revenue
- Topic: Layoffs
- Company: Activision Blizzard
- Company: Xbox
- Person: Matt Booty
- Person: Jason Schreier
- Topic: Game Development
- Person: Asha Sharma
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