The Bloody Price of Xbox's Hubris Asha Sharma and Matt Booty's warnings about a "reset" for the business were evident in their statements: a dire financial situation and internal issues plagued Xbox.
Microsoft's July 6 layoffs announcement revealed the full extent of the company's mismanagement.
The numbers are staggering – 3,200 employees lost their jobs from the Xbox division alone, with another 1,600 to follow over the next year.