Updated
Updated · Bloomberg · Jun 15Xbox Plans Major Layoffs After June 30 as New CEO Asha Sharma Slashes Budgets
3 articles · Updated · Bloomberg · Jun 15Summary
- Microsoft’s Xbox division is preparing significant job cuts next month, with layoffs expected shortly after the company’s fiscal year ends on June 30.
- Asha Sharma, newly installed as Xbox CEO, is driving the overhaul to counter declining revenue at the video-game unit.
- Budget reductions will extend beyond headcount, with Xbox also planning deep cuts to marketing and some other parts of the business.
- The exact scale of the layoffs is still unclear, but the moves signal a broad restructuring early in Sharma’s tenure.
Insights
With massive cuts looming in July, can new CEO Asha Sharma's ambitious global vision for Xbox actually succeed? Xbox is cutting costs but promising a new era. What will gamers actually lose in this radical overhaul?