Industry projected to be smaller again next year “in terms of players and dollars”.
- the side of the business that then gets scrutinised is the cost side.
Because if you’re not going to grow the revenue side, then the cost side becomes challenged."
Xbox is not immune to that, Spencer continued.
“We’re a business.
I’ve said over and over,” he said.
“I don’t get any luxury of not having to run a profitable growing business inside of Microsoft.
And we are that today.
So that’s why I keep pivoting back to: How does this industry get back to growth?”
The solutions to solving these problems are more complex, however.
And in the short-term: layoffs.
“It can grow and it will grow again,” Spencer concluded.
“But you see this time right now and the implications have human impact.
And we should all reflect on that and think about it.”
