Xbox has become a shell of its former self, weighed down by job cuts and studio closures, as it focuses on franchises like Halo and reaching "a billion people" (Andrew Webster/The Verge)

Microsoft’s Xbox division is undergoing a major restructuring, cutting about 260 employees and closing several studios. The company is concentrating on flagship franchises such as Halo and aims to reach a “billion people” audience, signaling a shift away from broader brand initiatives. These moves reflect a strategic reset within Microsoft’s gaming business.