Xbox To Hold Major Layoffs In July

It’s a new era for Xbox. But this new era is going to feature something the old era of Xbox was known for: layoffs.

According to Bloomberg’s Jason Schrier, Xbox is planning to hold major layoffs in July. The size and scope of the layoffs, per the report, aren’t known, but it’s expected to happen after the end of Microsoft’s fiscal year on June 30.

“Xbox is also planning to significantly slash budgets for marketing and some other areas of the business,” the report said.

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