In a statement announcing thousands of layoffs at Xbox, CEO Asha Sharma spells out just how poorly Microsoft's acquisition-heavy approach to gaming has gone.
Sharma was appointed CEO amid the departure of Phil Spencer, whose time at the Xbox helm was defined by Xbox Game Pass pushes as well as a spending spree that absorbed multiple studios and companies, most recently including Activision Blizzard. All of those purchases have caught up with the company, it seems.
