Xbox admits it’s “over‑extended” as leadership signals a major rethink of its studio strategy (opens in new tab)

A new memo from Xbox CEO Asha Sharma and Chief Content Officer Matt Booty reveals the company believes it became overextended across multiple strategies and may not have adequately invested in some of its biggest franchises. With reports of layoffs and potential restructuring looming, Xbox appears to be reassessing its priorities for the next five years.