Xbox’s Streaming Gamble Ends in Major Layoffs

Xbox announces 3,200 layoffs and the closure of five studios, admitting its streaming strategy has failed despite massive investments.
  • Xbox has laid off 3,200 employees, representing 20% of its workforce, as part of a significant restructuring.
  • The layoffs come after nearly $80 billion spent on acquiring popular game titles failed to boost its streaming service.
  • Five game studios have also been shut down in an effort to realign Xbox’s business strategy.

[via]

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