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Xbox Laying Off 3,200 Staffers, CEO Confirms: “Our Business Today Is Not Healthy”
Microsoft’s Xbox video game division is implementing “the most significant restructure” in its 25-year history, CEO Asha Sharma announced Monday, with 3,200 workers receiving pink slips. Of the projected layoffs, 1,600 will take immediate effect, with the balance occurring over the rest of fiscal 2027. In addition to the job cuts amounting to a 20%…
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Xbox Slashing 3,200 Jobs In “Most Significant Restructure” in Platform’s History
“Our business today is not healthy,” Xbox CEO Asha Sharma warned in a memo to staff Monday.
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Xbox to Lay Off Up to 3,200 Staffers in ‘Most Significant Restructure’ in Company’s History
Xbox is set to lay off 1,600 staffers Monday and up to another 1,600 over the next year in what new CEO Asha Sharma calls the “most significant restructure” in the Microsoft division’s history. In addition, four Xbox studios — Ninja Theory, Undead Labs, Compulsion Games and Double Fine Productions, which collectively employee approximately 350…
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Microsoft is selling off four Xbox studios as part of significant gaming cuts
Microsoft is laying off 4,800 employees today, and more than 30 percent of the job losses are in the company’s Xbox division. The significant gaming cuts will affect nearly every part of Xbox and also involve four game studios being spun off to be run independently from Microsoft. Today’s layoffs, which are being described as…
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Microsoft is laying off 4,800 employees
A year after cutting around 9,100 employees, Microsoft is making further layoffs today as it begins its new financial year. The software maker is laying off around 4,800 employees today, approximately 2.1 percent of its workforce. Most of the employees affected by today’s cuts are in Microsoft’s commercial sales business or the company’s Xbox division.…
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‘The Black Demon: Atlantis’: The Making of a Shark Thriller at 8,600 Feet Above Sea Level in Colombia
When the producers of shark thriller “The Black Demon” decided to make a sequel, making it in Colombia was a no-brainer. Mucho Mas Media, led by Javier Chapa, had already shot three other movies in the country with local production company Jaguar Bite. The first pic they shot in Colombia, golf drama “The Long Game,”…
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Station F ramps up as a launchpad for Europe’s hottest AI startups
Station F, a Paris-based startup hub founded by French billionaire Xavier Niel, is gearing up for a new edition of its F/ai accelerator program in a bid to strengthen its positioning as a stepping stone for promising AI startups.
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Versant Inks $530 Million Deal for Sports Tech Company Full Swing
The tech company, best known for its advanced golf simulators, will expand the Golf Channel owner’s presence in the tech and analytics space.
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ITV Boss ‘Hopeful’ Sky Acquisition Will Clear Regulators: ‘The Market Has Changed So Fundamentally’
Following news on Monday morning that NBCUniversal-owned Sky is acquiring 70-year-old British public service broadcaster ITV, ITV CEO Carolyn McCall joined a series of calls with investors and media to talk through logistics. On the investor call following the announcement, McCall said the sale reflects years of the ITV board weighing its strategic options —…