Man, it's going to be a rough year for those working in tech (I am one of them). My company had to do layoffs in late 2023, and we currently have some good sales in the pipeline, so hopefully we do not need to make more cuts this year.
Capitalism has its plusses, but the one of the main negatives that I don't like about it is how every year your profits are expected to be more than the year prior. One of the ways to make this happen is to cut expenses, meaning people. It sucks, it really does. I can see the business reasons behind Microsoft doing this, but at the end of the day it sucks for anyone to lose their job. I hope the best for those to lost their jobs. Hopefully this will be the end of the layoffs within Xbox, but I won't hold my breath.