Nothing has changed, despite all the drama.
Posted yesterday. The new Xbox leaders sent out a memo. The company's fiscal year ends on June 30, and there's reason to suspect that layoffs will follow in July.
"Excluding Activision Blizzard King, over the past five years, we have spent over $20 billion on ongoing investments in our content, platform, and hardware subsidy, but our annual revenue has declined nearly half a billion during that time."
"Then there's the kicker, a renewed admission that Xbox still can't support the many studios it acquired in the late 2010s in an effort to grow its first-party game ambitions."
Engadget: Xbox CEO says current margins 'cannot continue' in public letter to staff https://www.engadget.com/2191897/xbox-ceo-says-current-margins-cannot-continue-in-public-letter-to-staff/ [@Engadget](https://flipboard.com/@Engadget ) #Xbox #Microsoft
