James Ratcliff joined Game Rant in 2022 as a Gaming News Writer. In 2023, James was offered a chance to become an occasional writer for various games and then a senior writer in 2025. He is a third-generation Texan who has written professionally for over a decade at local newspapers, covering various topics for his readers. Since 2024, James has shifted his entire focus to covering gaming news.
Xbox is in for another round of big layoffs in July, as CEO Asha Sharma stated that an overhaul of Microsoft's gaming division will begin in the coming days. As of this writing, it is currently unclear how many jobs at Xbox and its various gaming subsidiaries will be affected by the impending cuts.
Xbox will make some major job cuts in July
Days after the Xbox Games Showcase, Xbox is already planning a reset of the company's infrastructure. In a letter sent to Xbox staff on July 10, Sharma laid out some key points of the overhaul, which included a rebuild of the company's platform infrastructure. While Sharma did not directly state in his letter that any layoffs would take place, sources said the cuts are expected to take place after Microsoft's current fiscal year closes on Tuesday, June 30. Xbox is reportedly cutting marketing budgets and other parts of the company, although the extent of the cuts remains unknown. Sharma said the company's profit margin had fallen to 3% year-on-year. Sharma said that, excluding the acquisition of Activision Blizzard, Xbox spent over $20 billion over five years on ongoing capital expenditures, with annual revenue declining by nearly half a billion during that time.
Source: Bloomberg
