Browsing: Microsoft

This week, Microsoft took a huge ax to its Xbox business. The company announced that it would be laying off 1,600 workers now, 1,600 more over the next fiscal year, and that it would be shedding four studios. Xbox CEO Asha Sharma hasn’t been shy about why she’s making such dramatic cuts, saying in a…

About a month ago, freshly installed Xbox CEO Asha Sharma sent out a notice to employees saying that the company’s $20 billion in investments over the past five years (not including a nearly $70 billion acquisition of hotshot game developer Activision Blizzard), razor-thin profit margins and revenues that have declined by $500 million over the…