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.

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2 articles · 2 sources 11 days ago

Xbox Faces Major Layoffs and Potential Studio Closures

Xbox is reportedly planning significant layoffs and possible studio closures in July. Several first-party developers, including Rare, Bethesda, Arkane, Compulsion Games, Double Fine, and Ninja Theory, are rumored to be at risk. These moves are seen as a strategic shift by new management to address declining revenue and improve profitability.

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