Business

Xbox Announces Layoffs and Business Reset

Updated 2026-06-10 21:40 UTC 2 sources Negative

Microsoft's Xbox division is preparing for significant layoffs, with CEO Asha Sharma outlining the need to reshape the company. The move comes as the gaming business faces challenging realities.

Coverage timeline — 2 articles

The Verge

Xbox warns of a ‘reset’ as it prepares for layoffs

Microsoft's Xbox division will be hit with significant layoffs next month, according to people familiar with Microsoft's plans. The company has been preparing for the layoffs internally for weeks, with Xbox CEO Asha Sharma hinting about "making hard choices" last month. Sources suggest the cuts coul

2026-06-10 21:28 UTC

Variety

Layoffs Coming at Xbox? New CEO Outlines Upcoming ‘Reset’ in Memo to Staff: ‘Surprising and Even Frustrating’ Realities Facing Business

New Xbox CEO Asha Sharma outlined several “surprising and even frustrating” realities facing the Microsoft-owned gaming business in a memo to staff Wednesday, which included forward looking statements about reshaping the company. The note, which was published by Xbox on Xbox Wire, does n

2026-06-10 21:29 UTC