News Summary

• Xbox CEO Asha Sharma has denied reports that Microsoft is considering selling off its Xbox business.
• Sharma announced her Xbox restructuring in June, calling it a reset for the division.
• Microsoft is planning to lay off up to 3,200 Xbox employees over the course of its 2027 financial year, which ends in June.
• The most recent restructuring has seen Halo move under Activision, as well as the developers behind Sea of Thieves and Age of Empires.
• Alongside a major shake-up of Xbox Game Studios, the recent changes look geared toward making Xbox a wholly owned subsidiary like Microsoft does with LinkedIn.