Xbox upheaval news: Rumors, changes, and cancelled games in 2026

Polygon · 4 min read · studios

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Xbox leadership under new CEO Asha Sharma planned significant layoffs beginning in July following a June 7 showcase. The cuts are part of a 100-day "Xbox reset" addressing declining revenue, rising hardware costs, and pandemic-era over-expansion. IO Interactive's Bond project was affected by the upheaval.