Microsoft hasn't ruled out turning Xbox into a subsidiary, joint venture, or selling it entirely. Margins collapsed to 3%. Major layoffs are planned for July.

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

June 10 : Microsoft's Xbox division is planning major layoffs next month and significant cuts to marketing and other budgets, Bloomberg News reported on Wednesday. The job cuts…

Bloomberg says the bloodletting will be “major.”

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…