Game over for 20% of Xbox staff as Microsoft hits reset: We ‘didn’t focus on the core business,’ CEO says. ‘We simply spread ourselves too thin.’

Xbox is laying off 20% of its staff as Microsoft resets its strategy, with the CEO stating the company 'didn’t focus on the core business' and 'spread ourselves too thin'. The article references a Fortune report on the layoffs and mentions market selloffs, Bitcoin strategies, AI costs, and World Cup fan food trends.