Xbox’s ‘reset’: all the news about Microsoft’s looming layoffs and studio closures

Xbox is undergoing a major overhaul, dubbed an 'Xbox reset', due to significant challenges including high component prices and an overextended studio system. This may lead to layoffs, studio closures, and canceled games. The changes are part of new CEO Asha Sharma's efforts to revamp the business. Engineers should be prepared for potential changes in their roles or studios. The exact impact is still unclear, but it's expected to be announced on July 6th.