Xbox Shockwave: CEO Asha Sharma Announces 3,200 Layoffs, Slashing Layers and Re-engineering Portfolio Amid Slowing Sales In a historic and sweeping organizational restructuring, Xbox CEO Asha Sharma has issued an internal memo to all staff announcing the immediate downsize of 3,200 employees across the gaming division. The restructuring takes effect immediately for 1,600 personnel , with the remaining cuts distributed through the year. Sharma cited severe macroeconomic headwinds, compounding structural costs of hardware manufacturing, and an intense competitive landscape as primary catalysts. Crucially, the memo acknowledged that Microsoft's massive, multi-billion-dollar investments into the Xbox Game Pass subscription model have ultimately fallen short of internal monetization expectations. To steer the brand away from systemic losses, Sharma announced a comprehensive three-pillar overhaul to radically transform Xbox's business operations: Portfolio Re-engineering: Movin...
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