Xbox admits it’s “over‑extended” as leadership signals a major rethink of its studio strategy

In a new Xbox Wire blog post, Xbox CEO Asha Sharma and Chief Content Officer Matt Booty shared a memo sent to Xbox employees. The memo itself is far too long to cover in full here, but I’ll go over some of the most important details.

I’ve also already covered Bloomberg’s report that Xbox is expected to make major layoffs next month, so with that out of the way, let’s take a look at what Sharma and Booty had to say: