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2026-07-02

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  • The Verge4

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Xbox’s ‘reset’: all the news about Microsofts looming layoffs and studio closures

Xbox is making some big changes — again. On June 10th, a few months after Asha Sharma took over as CEO, she and newly-promoted chief content officer Matt Booty sent a memo to staff warning of an “Xbox reset.” The business, they said, is facing significant challenges, including a 3 percent “accountability margin,” massively higher component prices for consoles due to the memory and storage shortage, and an “over extended” studio system. That same day, The Verge and Bloomberg reported that the Xbox division was planning layoffs in July. The cuts, expected to be announced on July 6th, could include studio closures or spinoffs. The Verge‘s Tom Warren reported on June 30th that Microsoft is looking at closing at least five studios and potentially canceling games like Blade. Under Sharma’s leadership, Xbox has already made some other major changes, including upcoming price hikes for Xbox consoles, lowering Game Pass prices but cutting out new Call of Duty games, rebranding Xbox to XBOX, and making both Gears of War: E-Day and Clockwork Revolution Xbox console exclusives. Read on for all of our coverage of the shifts at Xbox. Xbox will reportedly still publish Hideo Kojima’s OD. 007 First Light’s developer lays off staff but claims its next franchise will continue Xbox weighs canceling Blade game and shuttering Arkane Xbox prices spike another $100 or more Xbox is closing down Hellblade creator Ninja Theory Xbox turmoil continues with a studio closure and executive departures Microsoft hasn’t ruled out spinning off Xbox Xbox warns of a ‘reset’ as it prepares for layoffs Xbox exploring ‘radically different’ console business models RAMaggedon’s making Xbox “rethink” its Helix console. Xbox exclusives are back and more complicated than ever Xbox hires game industry analyst Matthew Ball to lead strategy Xbox fans want exclusives, more backward compatibility, and free online multiplayer Xbox is now XBOX Inside the return of Xbox

The Verge·

Xbox testing disc-to-digital feature that digitizes a physical game collection

Microsoft will likely soon follow Sony and stop the production of physical discs for Xbox games. But instead of leaving physical discs behind entirely, sources familiar with Microsoft's plans tell me the company has quietly been working on a disc-to-digital feature that will allow Xbox owners to digitize their existing physical game collections. Xbox employees recently started testing this new feature, after references to "enable Disc2Digital" appeared in the Xbox PC app code in May. I'm told that Microsoft's disc-to-digital feature will work on Xbox One and Xbox Series X discs only, and not those for the Xbox 360 or original Xbox console. Read the full story at The Verge.

The Verge·

Comcast’s split could make or break Peacock

NBCUniversal executives are about to find out whether Peacock will sink or swim in the streaming industry. Now that Comcast is planning to split NBCUniversal, Peacock, and Sky from its broadband and wireless businesses, Peacock will be forced to stand on its own - without the backing of a combined company that pulled in more than $123 billion last year. In the years following its launch in 2020, Peacock was treated as an accessory to an Xfinity subscription. But once Comcast stopped offering it as a free perk to Xfinity X1 and Flex subscribers and axed its free membership tier in 2023, it was a sign that Comcast believed Peacock had somethi … Read the full story at The Verge.

The Verge·

Sony is closing the PS3 and Vita digital stores

It's the end of an era for the PlayStation store on PS3 and PS Vita, with Sony now planning to shut down its digital distribution service on both consoles. The PlayStation store on PS3 will close in select markets later this year, including Mexico, Honduras, and Nicaragua starting in August, with "additional Latin American and Middle Eastern countries" to follow in late 2026. The shutdown across both PS3 and PS Vita "in all other countries" will take effect in July 2027. After this date, Sony says that console owners will be unable to purchase new content, but can continue downloading games they've previously purchased "for the foreseeable … Read the full story at The Verge.

The Verge·