Xbox could be about to close one of its studios as part of cuts, it’s claimed
Xbox could be about to shut down one of its game studios, as part of expected significant cuts reportedly taking place next month, it’s claimed. On Wednesday, Xbox CEO Asha Sharma published a note sent to staff, in which she shared “realities that we need to navigate”, such as that its annual revenue has declined nearly half a billion in five years, hardware costs are up 4x since last year, and its studio system is “overextended”. According to a Bloomberg report, the note to staff was sent in advance of planned significant layoffs across the Xbox business and a reduction to its marketing and other budgets. Read More...
Xbox could be about to shut down one of its game studios, as part of expected significant cuts reportedly taking place next month, it’s claimed.On Wednesday, Xbox CEO Asha Sharma published a note sent to staff, in which she shared “realities that we need to navigate”, such as that its annual revenue has declined nearly half a billion in five years, hardware costs are up 4x since last year, and its studio system is “overextended”.
According to a Bloomberg report, the note to staff was sent in advance of planned significant layoffs across the Xbox business and a reduction to its marketing and other budgets.
Read More...
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