Significant

There is a lot of news flooding in around the Xbox layoffs, including staff, studio, and game changes. And we'll report on it all live right here.

The current generation of gaming has only gotten more expensive lately, and it looks like the next generation of PlayStation consoles will also be a pricy purchase. With concern growing about the yet-to-be-revealed PS6 possibly selling for $1,000 or more when it launches, Sony confirmed that it's not prepared to take a "significant" hit on absorbing some of the costs for its next-gen hardware. When quizzed about hardware pricing and profitability for the "next-generation platform" during a Q&A session at Sony's Game & Network Services division, Sony executives said that they recognize

Xbox CEO Asha Sharma has outlined plans to "reset" the business amidst reports of 'significant' layoffs and budget cuts.

Gaming and console revenue dropped significantly for Xbox in 2026, so the company must change its ways if it wants to come out on top.