# Xbox resets with layoffs (Guest: Mike Futter, co-host of the Virtual Economy Podcast)

Page: https://stenobird.com/podcast/the-engadget-podcast-1109871/xbox-resets-with-layoffs-guest-mike-futter-co-host-of-the-virtual-economy-podcast
Text version: https://stenobird.com/podcast/the-engadget-podcast-1109871/xbox-resets-with-layoffs-guest-mike-futter-co-host-of-the-virtual-economy-podcast.md
Podcast: [The Engadget Podcast](https://stenobird.com/podcast/the-engadget-podcast-1109871)
Published: 2026-07-10T00:52:41+00:00
Episode link: https://redcircle.com/shows/533369fb-9ed1-4006-8b96-dd611195e62b/episodes/3c03a258-a4c5-464e-961d-6e2d1a5906bb
Audio file: https://audio3.redcircle.com/episodes/3c03a258-a4c5-464e-961d-6e2d1a5906bb/stream.mp3
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Duration seconds: 3371

## Resource

Microsoft made its Xbox layoffs official this week, and they’re absolutely brutal. The company plans to lay off 3,200 employees, or 20 percent of its workforce, over the next year. 1,600 were immediately let go this week. To help us understand Xbox's strategy (if there’s any), we chatted with Mike Futter, co-host of the Virtual Economy Podcast and Director of Ops and Publishing at Causeway Studios. Once again, we chart Xbox’s sad decline to the inauspicious debut of the Xbox One in 2013. Microsoft’s Xbox layoffs get real and several studios are spun off – 0:59 Mike Futter’s prediction for the future of game dev: AAA and everyone else – 35:34 Behold, iRobot’s first new product post-bankruptcy: a vacuum operated by humans – 42:39 Jess Conditt’s Steam Machine review: Very expensive and underpowered…but at least it’s quiet! – 44:47 Pop culture picks – 46:06 Support this podcast at — https://redcircle.com/the-engadget-podcast/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

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