After cutting 2,500 jobs in under one year, Phil Spencer says he feels good about the industry and that "the Xbox business has never been more healthy"

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Despite this,Xboxboss Phil Spencer says “the Xbox business has never been more healthy”.

CEO Satya Nadella is also getting a62% increaseto his compensation for his role.

“I feel pretty good about where this industry is going,” Spencer says.

Were not going to grow the market with $1,000 consoles."

So far in 2024 alone, over 13,000 people have been laid off in the video game industry.

In 2023, 10,000 people lost their jobs.