Microsoft's latest Xbox layoffs show the pressures facing one of gaming's biggest names and how the new CEO plans to change course.

The industry has been bracing for large-scale Xbox layoffs in the wake of a new administration running the brand. Today, those layoffs have arrived,

Double Fine and Compulsion Games are going independent, and Microsoft is also selling Ninja Theory and Undead Labs.

"Our business today is not healthy," Xbox CEO Asha Sharma warned in a memo to staff Monday.

Microsoft eliminated approximately 2.1% of its global workforce