Xbox Reportedly Planning 'Significant' Layoffs, Budget Cuts for Marketing, and More in an Effort to 'Reset' the Business

Bloomberg/IGN report that Xbox, under new CEO Asha Sharma, is planning significant July layoffs, marketing budget cuts, and a broader business “reset,” with a public internal memo citing revenue declines, a hardware component crisis impacting Project Helix, and a reassessment of portfolio and exclusivity. The Verge adds possible studio closures or lineup changes. While not audio-specific, such cuts at a platform holder can directly affect in-house and contracted game audio teams (hiring, budgets, outsourcing, schedules) across Xbox first‑party studios.

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