Xbox CEO Confirms Major Layoffs and Hints at "Radically Different" Console Business Model

Xbox CEO Asha Sharma has indicated that Microsoft’s gaming division will undergo significant layoffs and structural changes, according to a staff memo published on the Xbox blog. The memo did not explicitly mention layoffs, but sources told Bloomberg that the cuts are imminent and are expected to be announced soon after Microsoft's fiscal year ends on June 30. Reports from Giant Bomb suggest that around 1,000 employees could be affected.