The gaming industry is facing a major shake-up as Xbox announces the loss of 3,200 jobs across its division. This significant reduction in workforce is one of the largest in the industry's history, with 1,600 employees being let go immediately.

The decision is expected to have far-reaching consequences, with four studios also being removed from the platform holder's first-party roster. The remaining 1,600 job losses will be staggered over the coming fiscal year, adding to the uncertainty and concern among gaming professionals.

Sponsored
  • 3,200 jobs will be lost in total, with 1,600 immediate redundancies
  • Four studios will leave Xbox as a first-party platform holder
  • The remaining job losses will occur over the course of the next fiscal year
  • The move is one of the largest industry shake-ups in recent history
  • The decision is expected to have significant implications for the gaming industry as a whole

For more information on this developing story, Source: Push Square