Microsoft says today’s Xbox shake-up doesn’t mean game studio layoffs

Xbox has new leaders today, now that Phil Spencer and Sarah Bond are out – and you’d be forgiven for assuming that means yet another round of layoffs and shuttered studios, especially one day after Sony jettisoned a beloved developer.

Not yet, it seems. “To be clear, there are no organizational changes underway for our studios,” Microsoft Gaming EVP Matt Booty wrote in his memo today. It’s a little buried under everything else Microsoft’s outgoing and incoming gaming CEOs are saying, so figure it’s worth dragging to the surface!

Read the full story at The Verge.