Microsoft's Xbox division is reportedly bracing for major job cuts next month, and a blunt internal memo from its new chief executive has laid bare why. Asha Sharma, who took over the gaming business in February, told staff that years of aggressive expansion have left the unit financially stretched, declaring that the current trajectory simply cannot hold.
The memo, co-signed by Xbox chief content officer Matt Booty and published on the company blog on Wednesday, 10 June, never uses the word 'layoffs'. However, Bloomberg reported that significant staff reductions are slated to begin in July, shortly after Microsoft closes its fiscal year on 30 June, with marketing and other budgets also facing the axe.
