Xbox’s July Layoffs Could Involve Studio Closures – Rumor
A report from The Verge suggests that Microsoft's Xbox division may implement layoffs in July, potentially including the closure of a studio. This follows a Bloomberg report indicating major job cuts are planned by Xbox CEO Asha Sharma to mitigate revenue losses. Sharma and CCO Matt Booty acknowledged a 3 percent accountability margin decline and discussed challenges with rising hardware component costs, necessitating a new business model for future projects like 'Project Helix'.
Gaming Bolt
- Entities
- Microsoft
- Hardware Components
- Business Strategy
- Layoffs
- Activision Blizzard
- Xbox
- Matt Booty
- Asha Sharma
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