Xbox confirms mass layoffs, Double Fine Productions and Compulsion Games to go independent

Xbox CEO Asha Sharma announced significant changes, including layoffs affecting 3,200 employees and four studios becoming independent or sold. Compulsion Games and Double Fine Productions are now independent, retaining their IP rights, while Ninja Theory and Undead Labs have been sold to new owners. Sharma cited an unhealthy business model with low profit margins as the reason for these drastic measures.

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Xbox Restructures, Studios Face Closure Amid Funding Shifts

Xbox is undergoing a significant restructuring, leading to funding cuts for external projects like IO Interactive's 'Project Fantasy'. Several internal studios, including Ninja Theory and Compulsion Games, are reportedly at risk of closure. This strategic shift aims to refocus investments on major franchises and secure exclusive content pipelines.

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