Xbox ‘reset’: All the news about the looming layoffs and studio closures at Microsoft

Xbox is making some big changes – once again. On June 10, a few months after Asha Sharma He took over the position of CEOsent by her and newly promoted chief content officer Matt Botti note To warn employees about “resetting Xbox”. They said the business faces significant challenges, including a 3 percent “accountability margin,” skyrocketing console component prices due to memory and storage shortages, and a “highly stretched” studio system.

On the same day, Edge and Bloomberg It was reported that the Xbox division was planning layoffs in July. The cuts, expected to be announced on July 6, could include the closure of studios or subsidiary operations. EdgeTom Warren reported on June 30 that Microsoft was looking to close At least five studios And maybe cancel games like code.

Read on for all our coverage of Xbox transformations.