Microsoft is selling off four Xbox studios as part of significant gaming cuts
Microsoft is laying off 4,800 employees, with 1,600 cuts occurring in the Xbox division as part of a long-term restructuring plan. Four game studios are being spun off into independent entities, while the future of others remains uncertain.
Why it matters
This represents a significant contraction in the gaming industry and a shift in Microsoft's strategy regarding studio management.
Microsoft is laying off 4,800 employees today, and more than 30 percent of the job losses are in the company’s Xbox division. The significant gaming cuts will affect nearly every part of Xbox and also involve four game studios being spun off to be run independently from Microsoft.
The article reports on corporate restructuring and job losses based on internal memos and industry reporting.
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