Xbox confirms plans to cut 3,200 jobs over the next year

Xbox is laying off 3,200 employees over the next year, with 1,600 cuts effective immediately across Activision, Bethesda, Blizzard, King, Mojang, and Xbox Game Studios. Double Fine and Compulsion Games will become independent with their IP and runway; Ninja Theory and Undead Labs are joining new ownership with funding to complete Senua and State of Decay 3. CEO Asha Sharma cited operating margins 3–10x lower than comparable businesses and said the division lost 64 cents per dollar invested.

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