Xbox Reportedly Planning Major Layoffs As Internal Memo Warns “This Cannot Continue”
Microsoft’s Xbox division anticipates significant layoffs in July, potentially affecting around 1,000 employees. Following financial struggles, the company plans to reduce budgets, reassess its strategy, and reintroduce exclusive games. Microsoft’s Xbox division is reportedly preparing for another major round of layoffs, with Bloomberg reporting that cuts are expected in July, shortly after Microsoft’s fiscal year ends on June 30. The exact number of people affected is not currently known, although The Verge reports that rumours of around 1,000 layoffs have been floating around. The Verge also says the cuts could potentially include a studio closure or changes to Xbox’s studio lineup. Microsoft has not officially announced layoffs at the time of writing. However, an internal memo from Xbox CEO Asha Sharma and chief content officer Matt Booty has now been published by Xbox, and it paints a fairly grim picture of why the company is heading into what leadership is calling a busines...