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moves money The Verge July 07, 2026

Xbox’s bold plan for the future sounds nearly impossible

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It's another bad week for the video game industry. Microsoft outlined a series of layoffs on Monday that Xbox CEO Asha Sharma described as " the most significant restructure in Xbox history ." But buried in Sharma's memo was a curiously optimistic statement: "I want Xbox to be one of the few companies that entertains more than a billion people each day and gives everyone the opportunity to create and connect," she wrote. Xbox has been a shambling mess after Microsoft spent billions of dollars wi

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