After cutting 2,500 jobs in under one year, Phil Spencer says he feels good about the industry and that "the Xbox business has never been more healthy"
Nov. 13, 2024Press ‘X’ to doubt
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The most recent Xbox layoffs were in September, shortly after which it was announced Microsoft shareholders were set to get an increase in their dividend payout starting this month – 10% extra, netting 83 cents per share rather than 75 cents. CEO Satya Nadella is also getting a62% increaseto his compensation for his role.
“I feel pretty good about where this industry is going,” Spencer says. “To reach new players, we need to be creative and adaptive of new business models, new devices, new ways of access. We’re not going to grow the market with $1,000 consoles.”
Xbox fans at least have had some fun recently withthe arrival of Death Stranding Director’s Cutto the console, and there’sIndiana Jones and the Great Circleto look forward to. Elsewhere in his recent interview, Spencer discussed the likelihood of new cross platform releases like those, suggesting that there wereno “red lines” blocking any individual Microsoft game from ending up on PS5.
In the meantime, if you want to remember the glory days, have a look at our list of thebest xbox gamesyou can play right now.
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I’m Issy, a freelancer who you’ll now occasionally see over here covering news on GamesRadar. I’ve always had a passion for playing games, but I learned how to write about them while doing my Film and TV degrees at the University of Warwick and contributing to the student paper, The Boar. After university I worked at TheGamer before heading up the news section at Dot Esports. Now you’ll find me freelancing for Rolling Stone, NME, Inverse, and many more places. I love all things horror, narrative-driven, and indie, and I mainly play on my PS5. I’m currently clearing my backlog and loving Dishonored 2.
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