Xbox Cuts 3200 Jobs and Spins Off Studios | San Jose News

Xbox is slashing 3,200 jobs—1,600 now, another 1,600 by 2027—as CEO Asha Sharma admits the business is unhealthy with razor-thin margins. Four studios, including Compulsion, Double Fine, Ninja Theory, and Undead Labs, are being spun off or shuttered, sending shockwaves through their teams. These cuts reflect a broader tech industry downturn, with thousands already lost in the Bay Area and no official data yet on California’s impact. It’s a painful but necessary pivot as Xbox seeks financial stability in a rapidly shifting gaming landscape. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5a20dacf45816d0e