The Gaming Industry's Reset Button Microsoft's decision to lay off 4,800 employees, including a significant chunk of its Xbox workforce, has sent shockwaves through the gaming industry.
On the surface, this move appears to be a classic case of corporate belt tightening in response to increased competition and flagging margins.
However, there are deeper implications at play here that warrant closer examination. Xbox CEO Asha Sharma's claim that the gaming industry is facing a "hardware crisis" due to soaring component costs rings true.