Microsoft Hearts

I'm Luxtorpedoeing outta here.

Xbox CEO Asha Sharma confirms 4 studios are leaving Microsoft, with a fifth, Arkane Studios, fate uncertain amid mass layoffs.

Microsoft's stock price is currently down bad, but just how much have shares slid lately? A lot. So much so that June 2026 is expected to be Microsoft's worst month since December 2000 based on percent decline in a single month. The stock is down about 20% in June, which would be the worst since the 24% decline in December 2000. This is happening at the same time that Xbox CEO Asha Sharma is implementing a "reset" of the Xbox business that may include mass layoffs and studio closures. A year ago, Microsoft's total market cap was around $4 trillion, but it's dropped off mightily since then, fal

If you wished for more pizazz at this year's Xbox Showcase, there's lots of it buried in an growing graveyard of cancelled Xbox games.

While the new Xbox leadership team under CEO Asha Sharma has been on a charm offensive lately--while also promising a "reset" for the division that suggests layoffs are on the way--Microsoft CEO Satya Nadella got down to brass tacks recently. During a panel at the New York Times Hard Fork event, Nadella spoke about how Xbox will have to find a way to become more profitable as it enters a new era. "No one can accuse Microsoft of not having invested for the last 25 years," Nadella said. "And now we have to turn this into a sustainable business that delivers what is fundamentally one of the best