No layoffs at Xbox as a result of leadership shakeup, new chief content officer Matt Booty says: ‘My focus is on supporting the teams and leaders we have in place and creating the conditions for them to do their best work’

You have no doubt heard about the very major shakeup at Xbox today: Longtime boss Phil Spencer is retiring, presumed heir apparent Sarah Bond has resigned, former AI executive Asha Sharma is now in charge, and Matt Booty, head of Microsoft Studios, is now chief content officer. It’s the kind of thing that makes you think about the downstream impact, particularly given the instability that’s gripped the game industry over the past few years, but Booty says there’s nothing to worry about because this does not mean layoffs are happening immediately.

After enthusing about Microsoft Gaming’s new CEO, Booty wrote, “We have good reasons to believe in what’s ahead. This organization and its franchises have navigated change for decades, and our strength comes from teams who know how to adapt and keep delivering. That confidence is grounded in a strong pipeline of established franchises, new bets we believe in, and clear player demand for what we are building.”