Microsoft will lay off more than 1,000 employees at Xbox

▤ Summary

Microsoft is preparing a major restructuring inside Xbox that includes laying off more than 1,000 employees and closing some game studios. The company says it has spent more than $20 billion over the last five years on content, platform technology, and hardware, yet revenue has fallen and margins remain under pressure. Xbox leadership plans to reassess investment priorities over the next five years and cut costs across operations, including marketing. The company also says it will keep its Helix hardware vision but may need new business models and partnerships to support future consoles.

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