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Insider sources reveal that Microsoft's Xbox division is poised to implement significant layoffs in July, alongside substantial budget reductions in marketing and other sectors. These layoffs are anticipated to commence shortly after the fiscal year concludes on June 30, with the precise extent of the layoffs still pending disclosure. In an internal communication, Asha Sharma, the CEO of Xbox, disclosed that the responsibility profit margin for Xbox has plummeted to a mere 3%. Despite a hefty investment exceeding $20 billion over the past five years, the revenue has dwindled by nearly $500 million. The current state of the business is deemed untenable, prompting the need to overhaul the platform's infrastructure and reevaluate the product lineup.
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