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Xbox’s Second Wave Of Planned Layoffs Is Reportedly Starting As Studios Face Major Restructuring

Xbox’s Second Wave Of Planned Layoffs Is Reportedly Starting As Studios Face Major Restructuring https://ift.tt/atwILDK The second wave of Xbox layoffs could be imminent, as new reports claim that Microsoft is also looking to further restructure its gaming division by consolidating several of its studios. This would tie into previously announced plans by Xbox boss Asha Sharma to cut 3,200 roles from the division, which started with 1,600 mass layoffs in July . According to The Information --which says that a Microsoft source briefed it on the company's plans--the second wave of 1,600 job cuts will start soon. Prolific leaker NateTheHate has also claimed that the Halo franchise is being moved to Activision Blizzard, and similar reorganizations will happen across the division. If true, then 2026 will mark a year of major changes for Xbox. Since Sharma stepped in to run the division, the goal has been to make it more profitable as part of a "reset" initiative that...
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Madame Web Box Office: How Did The Movie Do In Its First Weekend?

Madame Web Box Office: How Did The Movie Do In Its First Weekend? https://ift.tt/XMSgmIj

The Spider Man spin-off movie Madame Web from Sony Pictures opened on Valentine's Day, and the early box office results were not great. However, the movie is doing slightly better than some expected, bringing in $52 million worldwide for its opening period.

This was an abnormal opening period, as the film opened on Wednesday, February 14, and these numbers cover a six-day period spanning through Monday, February 19 for the Presidents' Day holiday. The movie earned $26 million over six days in the US and, as mentioned, $52 million worldwide over that time span.

The movie was estimated to have cost $80 million to produce (prior to marketing expenses), which means it has not yet broken even. However, Deadline reported that, due to the solid box office results so far, the movie will not "suffer as much as originally feared."

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