Xbox Reportedly Planning 'Significant' Layoffs, Budget Cuts for Marketing, and More

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Xbox is preparing a major internal reset that includes significant layoffs, marketing budget cuts, and a reassessment of its portfolio and infrastructure. The company says revenue has declined and that it has overextended its studio system across subscription, streaming, and device strategies. Xbox also faces a hardware component crisis that is raising console storage costs and forcing a rethink of its next console plans. The memo suggests possible studio closures or lineup changes as the company rebalances investment priorities over the next five years.

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