"Xbox division is planning major layoffs next month": Xbox's turnaround may come with a heavy cost

Asha Sharma sits facing the camera in a black leather jacket, positioned in front of a large Xbox-style logo, with the background and logo glowing in a red hue.

According to Bloomberg, Xbox is expected to have significant layoffs next month. The publication states:

“'The layoffs, the exact scale of which is not yet clear, are expected shortly after the close of Microsoft’s fiscal year on June 30,' said the people, who asked not to be identified because they’re not authorized to speak to the press. Xbox is also planning to significantly slash budgets for marketing and some other areas of the business, the people said.”