After the billion-dollar company’s leaders sent staff a memo saying the brand had ‘over-extended’, game studios may be in the firing line

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

Xbox is on the verge of axing a number of its first-party studios, creators of some of its highest profile games.

After the billion-dollar company’s leaders sent staff a memo saying the brand had ‘over-extended’, game studios may be in the firing line