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Gaming Updated Jul 10, 2026, 6:30 PM UTC Xbox’s ‘reset’: all the news about Microsoft’s layoffs and studio changes by Verge Staff Link Share RSS Gift Xbox is making some big changes — again . On June 10th, a few months after Asha Sharma took over as CEO , she and newly promoted chief content officer Matt Booty sent a memo to staff warning of an “Xbox reset.” The business, they said, is facing significant challenges, including a 3 percent “accountability margin,” massively higher component prices for consoles due to the memory and storage shortage, and an “over extended” studio system. On July 6th, the company announced mass layoffs at Xbox as part of broader cuts across the company . About 1,600 staffers were laid off that day, with 1,600 more set to be cut over the course of Microsoft’s next fiscal year, Sharma said .
Source: https://www.theverge.com/games/959900/xbox-reset-layoffs-studio-closures
Gaming Updated Jul 10, 2026, 6:30 PM UTC Xbox’s ‘reset’: all the news about Microsoft’s layoffs and studio changes by Verge Staff Link Share RSS Gift Xbox is making some big changes — again . On June 10th, a few months after Asha Sharma took over as CEO , she and newly promoted chief content officer Matt Booty sent a memo to staff warning of an “Xbox reset.” The business, they said, is facing significant challenges, including a 3 percent “accountability margin,” massively higher component prices for consoles due to the memory and storage shortage, and an “over extended” studio system. On July 6th, the company announced mass layoffs at Xbox as part of broader cuts across the company . About 1,600 staffers were laid off that day, with 1,600 more set to be cut over the course of Microsoft’s next fiscal year, Sharma said .
Source: https://www.theverge.com/games/959900/xbox-reset-layoffs-studio-closures