blog post<\/a>.<\/p>\n\u201cWe will end this fiscal year at about a 3% accountability margin, down year-over-year,\u201d Sharma wrote. \u201cExcluding 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. Going forward, this cannot continue.\u201d<\/p>\n
Sharma also wrote that Xbox\u2019s current platform infrastructure is \u201coverly complex\u201d and \u201cnot built for the battle ahead.\u201d She added that Xbox has \u201cbecome too reliant on vendors to operate our systems.\u201d <\/p>\n
Sharma also said Xbox has been unable to make as many consoles as players want to buy because of a \u201chardware component crisis.\u201d<\/p>\n
\u201cWhen I joined as CEO in February, the price we paid for console storage components was over two times as high as we paid last fall,\u201d Sharma wrote. \u201cThese costs have since doubled again. And as we plan for the 2027 holiday season, we expect another significant increase, taking us over five times the prices we paid only two years earlier.\u201d <\/p>\n
\u201cWhile the entire industry is facing a components crisis, we believe we have been impacted more greatly than many of our peers due to the choices we made over the last half decade,\u201d she added. <\/p>\n
In March, Microsoft CEO Satya Nadella said the company will continue to invest in gaming. <\/p>\n
\u201cFor me, we\u2019re long on gaming,\u201d Nadella said at an internal Microsoft Q&A. \u201cWe\u2019ll continue to invest, and we\u2019ll always do so. It\u2019s up to this team to show excellence in execution and in creativity. Software always carries risk, but this is software with lots of creation risk. It\u2019s way different. But yet, we have to be the best in class at it.\u201d<\/p>\n
In order to course correct and survive, it seems like Xbox will have to join the ranks of companies that have issued mass layoffs in recent months.<\/p>\n
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"In July, Xbox may be the next company hit with major changes to its workforce. According to Bloomberg, people familiar with Xbox\u2019s strategy said that the company is \u201cplanning major job cuts next month,\u201d although the scale and details of the cuts are still unclear. Along with staff cuts, Xbox is also planning \u201csignificant\u201d budget<\/p>\n","protected":false},"author":1,"featured_media":15042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-15041","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brand-spotlights"],"_links":{"self":[{"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/posts\/15041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15041"}],"version-history":[{"count":0,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/posts\/15041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/media\/15042"}],"wp:attachment":[{"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}