Microsoft to layoff 1,000 employes at Xbox as CEO Asha Sharma orders a ‘reset’; says: This cannot…

Microsoft’s Xbox division is heading into July with a layoff plan, a marketing budget cut, and possibly a studio closure on the table, according to Bloomberg, as CEO Asha Sharma uses her first 100 days to set up what she is calling a full business “reset.” The cuts, expected shortly after Microsoft’s fiscal year ends June 30, would be the first major restructuring under Sharma, who took over from longtime Xbox chief Phil Spencer in February. The Verge, citing people familiar with the plans, separately reported the cuts could extend to closing or reshaping one of Xbox’s owned studios.