Microsoft to layoff 1,000 employes at Xbox as CEO Asha Sharma orders 'reset' | TheBriefWire
Microsoft to layoff 1,000 employes at Xbox as CEO Asha Sharma orders 'reset'
Published 11 June 2026 ยท tech
Microsoft's Xbox division is bracing for major layoffs in July, with reports suggesting up to 1,000 jobs could be cut and a studio closure possible
Microsoft's Xbox division is bracing for major layoffs in July, with reports suggesting up to 1,000 jobs could be cut and a studio closure possible. New Xbox CEO Asha Sharma, in a blunt memo to staff co-signed with Matt Booty, called for a full business "reset," flagging a 3% margin, $20 billion in spending, declining revenue, and a hardware component crisis pushing console parts 5x higher.
Published: June 11, 2026 โข 5:50 PM IST ยท Updated: June 11, 2026 โข 8:32 PM ISTBy TheBriefWire Editorial Team
Key points
Microsoft's Xbox division is bracing for major layoffs in July, with reports suggesting up to 1,000 jobs could be cut and a studio closure possible.
New Xbox CEO Asha Sharma, in a blunt memo to staff co-signed with Matt Booty, called for a full business "reset," flagging a 3% margin, $20 billion in spending, declining revenue, and a hardware component crisis pushing console parts 5x higher.