Microsoft's Xbox division plans major studio closures and around 1,000 layoffs under new CEO Asha Sharma after revenue dropped roughly $500 million

Microsoft's Xbox division plans major studio closures and around 1,000 layoffs under new CEO Asha Sharma after revenue dropped roughly $500 million

Microsoft is shutting down or selling at least three Xbox studios—Ninja Theory, Double Fine, and Compulsion Games—as the gaming division steels itself for layoffs under new CEO…