Xbox announces business 'reset' amid reports of layoffs and studio closures
Game Developer · 4 min read · studios
Xbox CEO Asha Sharma announced a business reset following five years of $20 billion in content investment paired with nearly $500 million in annual revenue decline. The division faces major layoffs and studio closures after June 30, alongside cuts to marketing and other spending. Console storage component costs have risen 5x in two years, constraining hardware production.
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