XBOX PLANS MAJOR LAYOFFS UNDER NEW CEO

Sharma, who recently took the helm of Xbox, will implement the cuts as her first major restructuring initiative. The layoffs represent a significant shift in the division's operations and staffing strategy. Details on the scale of the reductions and specific divisions affected remain limited. The timing in July gives the company several months to prepare organizational changes. Sharma's overhaul comes as Xbox continues to navigate competitive pressures in the gaming industry. The restructuring suggests a strategic pivot in how the division allocates resources and prioritizes operations. The CEO's first moves signal potential changes to Xbox's business direction, product focus, or operational efficiency. More information about the extent and impact of the layoffs is expected as July approaches.