Phil Spencer allegedly takes home $10m a year, meanwhile Xbox plans more layoffs

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Not sure what I'd do if I earned $10m a year, but firing my staff wouldn't be one of them.

More devastating news for the video game industry, as Xbox gear up for even more layoffs. This time, it begun with Jessie Thomas, a former Xbox Culture Lead let go by Microsoft just yesterday. Even more alarming, Thomas found out they were let go while on vacation. However, more lay-offs might be on their way. Industry analyst Tom Warren has alleged that “more Xbox layoffs are coming,” although no source was provided for this.

If this is to be the case, it’s made even more bitter by reports from earlier on this year alleging that Phil Spencer takes home an “estimated $10 million dollars in a yearly salary before stock opinions.” 1,900 employees were made redundant in early January, and that’s before they even began the Bethesda subsidiary closures. Xbox fans enjoyed a fairly promising start to the year with an Xbox Showcase that impressed all.

 

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