Xbox Q3 earnings

"We need smaller games that give us prestige and awards," said Matt Booty, head of Xbox Game Studios, in a Microsoft town hall today 👇www.theverge.com/2024/5/8/24152137/xbox-hi-fi-rush-tango-gameworks-matt-booty

Inside Microsoft’s Xbox turmoil. Here's what's going on inside Xbox right now, as employees brace for more cutbacks and uncertainty. Details below 👇 www.theverge.com/2024/5/8/24151814/microsoft-xbox-layoffs-strategy-changes-arkane-tango

NEW: - Xbox still isn't done cutting costs, sent voluntary buyout offers to some Zenimax staff - Why were Arkane Austin and Tango Gameworks closed? Bad timing, perhaps - Activision purchase has ramped up scrutiny on Xbox And much more - here's my latest: www.bloomberg.com/news/articles/2024-05-08/xbox-studio-closures-microsoft-plans-more-cost-cutting-measures-after-layoffs?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTcxNTE5ODUzNywiZXhwIjoxNzE1ODAzMzM3LCJhcnRpY2xlSWQiOiJTRDZOSzZEV1gyUFMwMCIsImJjb25uZWN0SWQiOiJCMUVBQkI5NjQ2QUM0REZFQTJBRkI4MjI1MzgyQTJFQSJ9.Ae8Wc_YmUJla6VHol8aa5AIVOUAmdYTiRnQ2nKph6NY

Xbox head of studios Matt Booty wrote in an email to staff that "we are making these tough decisions to create capacity to increase investment in other parts of our portfolio and focus on our priority games." Not yet clear how many jobs will be lost. www.bloomberg.com/news/articles/2024-05-07/microsoft-s-xbox-division-is-shutting-down-four-bethesda-studios?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTcxNTA5MDgzNSwiZXhwIjoxNzE1Njk1NjM1LCJhcnRpY2xlSWQiOiJTRDRBTVZEV1gyUFMwMCIsImJjb25uZWN0SWQiOiJCMUVBQkI5NjQ2QUM0REZFQTJBRkI4MjI1MzgyQTJFQSJ9.wMIIvOkuueIFsAv0_s1ybJGfSQCEls9XHkQdrwvdIcY