Microsoft is exploring significant changes for its Xbox gaming division. Options include a potential spinoff or restructuring as a wholly owned subsidiary. The company is also considering joint ventures. These moves aim to make the gaming business more attractive for potential sale. New leadership plans increased spending on top game franchises. Major layoffs and budget cuts are also anticipated.

Microsoft is reevaluating its plans for Project Helix and considering new ways to lower Xbox console costs.

Microsoft’s (MSFT) Xbox division is preparing for major layoffs next month, Bloomberg reported. The cuts are expected shortly after Microsoft’s ...

Bloomberg says the bloodletting will be “major.”

The job cuts would mark the first major restructuring under Asha Sharma, who took charge as CEO of the gaming unit in February.