XBOX is set to lay off 3,200 employees, 20% of its workforce, as part of a company reset.
In addition, XBOX is spinning off and/or selling 5 of its first party studios: Arkane Lyon, Compulsion Games, Double Fine, Ninja Theory, and Undead Labs.
The Verge: Microsoft could shut at least five studios as part of big Xbox layoffs starting next week, including Arkane (Marvel's Blade).
"The layoffs will lead to studio closures or spinoffs, potential mergers of studios, and canceled games."
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