Microsoft’s Xbox division is bracing for major layoffs in July, with reports suggesting up to 1,000 jobs could be cut and a studio closure possible. New Xbox CEO Asha Sharma, in a blunt memo to staff co-signed with Matt Booty, called for a full business “reset,” flagging a 3% margin, $20 billion in spending, declining revenue, and a hardware component crisis pushing console parts 5x higher.
