Microsoft to Lay Off Thousands; Xbox Chief Says Gaming Division Cuts Will Remove ‘Layers of Management’

UPDATE: Microsoft is scrapping two upcoming video games, a reboot of “Perfect Dark” and the fantasy title “Everwild,” in addition to ending development on several unannounced projects. It is also shutting down “Perfect Dark” studio The Initiative. Following rumors of reductions that first began last week, Microsoft is set to lay off more than 9,000 employees […]

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