A. Sharma communicated to employees via an X platform that the company is currently facing significant operational challenges. In an email detailing the situation, Sharma identified complex organizational structures and excessive management layers as primary inhibitors to efficient decision-making processes.
To address these structural inefficiencies, the company plans a comprehensive reorganization. Sharma stated that the goal of this overhaul is to streamline management by reducing the number of supervisory tiers to no more than five, with efforts to achieve a structure comprising only three levels where feasible. Regarding workforce adjustments, Sharma clarified that the immediate loss of 1,600 jobs is not anticipated.
Instead, the process for reducing the remaining workforce is scheduled to be completed over a twelve-month period. Furthermore, the group announced the closure of four video game development studios. This decision follows an assessment indicating a recent decline in both the overall number of video game players and the time dedicated to gaming on Xbox platforms.
The announcement signals a significant strategic pivot for the corporation. By restructuring its internal management and divesting non-core assets like the gaming studios, the company aims to improve operational agility and navigate current market conditions. Sharma’s communication outlined a clear, phased approach to adapting the business model while managing workforce transitions responsibly.
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