Xbox to retreat from wokeness, fire thousands — and still might not survive

Xbox is in dire straits. Following a financial spiral with hardware sales down 33% and gaming revenue down 7%, the management team suffered a huge shake-up, with CEO Phil Spencer announcing his sudden retirement and protégé Sarah Bond leaving the company without an explanation. Now the new CEO, Asha Sharma, is left to trim the fat. For her first order of business, Xbox is preparing to offload several first-party studios, all of which lost money on DEI-infused games, policies, and partnerships.

It’s layoff season at Xbox

Shortly after Sharma took the reins, she candidly admitted in a memo that Xbox needs to “reset the business” following a string of surprises and failures. Some of these were well within Xbox’s control; it reportedly spent more than $80 billion