DevThe Vergeabout 2 hours ago
Xbox reset: layoffs and studio closures loom
2 min read
Xbox CEO Asha Sharma and content chief Matt Booty warned staff of an "Xbox reset" on June 10th, citing a 3 percent accountability margin and high component prices. Layoffs expected July 6th may close at least five studios and cancel games like Blade. IO Interactive laid off staff after Microsoft ended publishing for Project Fantasy.
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