Microsoft says today’s Xbox shake-up doesn’t mean game studio layoffs

Xbox has new leaders today, now that Phil Spencer and Sarah Bond are out – and you’d be forgiven for assuming that means another round of layoffs and studio closures, especially a day after Sony dumped a beloved developer.

Not yet, it seems. “To be clear, no organizational changes are underway for our studios,” Matt Booty, executive vice president of Microsoft Gaming, wrote in today’s memo. It’s a little buried beneath everything Microsoft’s outgoing and incoming gaming CEOs say, so figure it’s worth bringing to the surface!

Booty:

We have good reason to believe in what awaits us. This organization and its franchises have navigated this…

Read the full story on The Verge.