n the morning of 6 July, an email went out from Asha Sharma, the chief executive of Xbox, to all of the divisions employees around the world. Under the headline “ Resetting Xbox ”, it announced the most significant restructuring in the history of Microsofts console business: 3,200 staff would be laid off throughout the financial year to 2027, and 1,600 of those roles would be eliminated immediately. An hour later, at studios throughout company, the Teams meeting invites started arriving. “It...

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