Xbox Resets With Layoffs
Microsoft has officially begun a significant layoff process, cutting 1,600 employees immediately with plans to reduce its total Xbox workforce by 20 percent over the next year. Industry analysts suggest these cuts reflect a broader decline in the Xbox brand's market position since the launch of the Xbox One.
Why it matters
The massive reduction in staff signals a major strategic pivot or contraction for one of the world's largest gaming companies, impacting the broader video game industry's stability.
Engadget Podcast: Xbox Resets With Layoffs
Engadget Podcast: Xbox resets with layoffs
We chat with Mike Futter from the Virtual Economy Podcast about Microsoft's sad Xbox trajectory.
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